Wellington Management Group LLP Increases Stake in Philip Morris International Inc. $PM

Wellington Management Group LLP grew its position in Philip Morris International Inc. (NYSE:PM) by 3.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,506,171 shares of the company’s stock after purchasing an additional 650,587 shares during the quarter. Wellington Management Group LLP’s holdings in Philip Morris International were worth $3,167,041,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AG Campbell Advisory LLC bought a new position in Philip Morris International in the 4th quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth $29,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International in the second quarter worth $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report 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 company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Trading Up 0.8%

Shares of PM opened at $192.02 on Friday. The firm has a fifty day simple moving average of $187.21 and a two-hundred day simple moving average of $178.79. The firm has a market cap of $299.28 billion, a PE ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

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

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. 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 dividend payout ratio (DPR) is presently 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.