Glenview Trust Co Buys New Position in Philip Morris International Inc. $PM

Glenview Trust Co purchased a new position in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, Holdings Channel reports. The fund purchased 75,762 shares of the company’s stock, valued at approximately $13,706,000.

Several other institutional investors and hedge funds have also modified their holdings of PM. North Star Asset Management Inc. purchased a new position in Philip Morris International during the second quarter valued at $10,248,000. Concorde Asset Management LLC purchased a new stake in Philip Morris International in the second quarter worth about $321,000. Maxele Advisors LLC bought a new position in shares of Philip Morris International in the second quarter worth about $338,000. Empowered Funds LLC bought a new position in shares of Philip Morris International in the second quarter worth about $26,442,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Philip Morris International in the second quarter worth about $13,256,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $190.52 on Friday. The company has a market capitalization of $296.94 billion, a P/E ratio of 27.37, a P/E/G ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The stock has a 50 day moving average price of $186.94 and a 200-day moving average price of $178.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is 84.48%.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.