Korea Investment CORP Acquires New Holdings in Philip Morris International Inc. $PM

Korea Investment CORP purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,141,789 shares of the company’s stock, valued at approximately $206,561,000.

Several other hedge funds also recently bought and sold shares of the stock. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% during the first 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. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International during the second quarter valued at approximately $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PM. BTIG Research set a $221.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Stifel Nicolaus upped their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $188.14 on Friday. The business has a 50-day moving average of $186.03 and a two-hundred day moving average of $178.36. The firm has a market capitalization of $293.24 billion, a PE ratio of 27.03, a P/E/G ratio of 2.31 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

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

Philip Morris International Announces Dividend

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

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.