Prosperitas Financial LLC Raises Position in Philip Morris International Inc. $PM

Prosperitas Financial LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 10.4% in the second quarter, Holdings Channel reports. The firm owned 30,745 shares of the company’s stock after buying an additional 2,898 shares during the period. Philip Morris International comprises about 1.8% of Prosperitas Financial LLC’s portfolio, making the stock its 21st largest position. Prosperitas Financial LLC’s holdings in Philip Morris International were worth $5,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors grew its stake in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. BlackRock Inc. boosted its stake in Philip Morris International by 0.4% in the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after purchasing an additional 444,449 shares in the last quarter. Capital International Investors grew its position in Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. Capital Research Global Investors increased its stake in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Philip Morris International during the 2nd quarter valued at approximately $8,220,008,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Citigroup raised their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Trading Down 0.9%

Shares of PM stock opened at $186.30 on Friday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a market cap of $290.37 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.43 and a beta of 0.37. The stock has a 50 day moving average of $187.99 and a 200 day moving average of $178.79.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors 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 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Philip Morris International Company 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.