Vontobel Holding Ltd. Has $137.23 Million Stake in Philip Morris International Inc. $PM

Vontobel Holding Ltd. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 30.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 758,564 shares of the company’s stock after selling 327,807 shares during the period. Vontobel Holding Ltd.’s holdings in Philip Morris International were worth $137,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth about $26,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the fourth quarter worth approximately $28,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PM. Citigroup increased their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus upped 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 note on Thursday, July 23rd. Barclays increased their price objective 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. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Up 0.8%

Philip Morris International stock opened at $190.40 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm’s fifty day moving average is $185.23 and its 200 day moving average is $178.00. The company has a market capitalization of $296.76 billion, a PE ratio of 27.36, a PEG ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the company posted $1.89 earnings per share. The business’s quarterly revenue 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. Sell-side analysts expect that Philip Morris International Inc. will post 8.33 EPS 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. Shareholders 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 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend 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.