KBC Group NV Increases Stake in Philip Morris International Inc. $PM

KBC Group NV raised its stake in Philip Morris International Inc. (NYSE:PM) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 147,061 shares of the company’s stock after purchasing an additional 6,298 shares during the quarter. KBC Group NV’s holdings in Philip Morris International were worth $26,605,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PM. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International during the 2nd quarter valued at $29,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its position in Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares during the period. Finally, Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Trading Up 0.0%

Shares of NYSE PM opened at $190.40 on Monday. The firm has a fifty day simple moving average of $185.23 and a two-hundred day simple moving average of $178.02. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market capitalization of $296.76 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is presently 84.48%.

About Philip Morris International

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.