Philip Morris International Inc. $PM Shares Purchased by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,230,669 shares of the company’s stock after purchasing an additional 1,847,421 shares during the quarter. Bank of America Corp DE’s holdings in Philip Morris International were worth $2,848,919,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. increased its holdings in Philip Morris International by 15.0% during the 1st quarter. Edgestream Partners L.P. now owns 4,993 shares of the company’s stock valued at $826,000 after acquiring an additional 653 shares in the last quarter. RBF Capital LLC acquired a new position in Philip Morris International during the first quarter worth about $992,000. Kentucky Retirement Systems lifted its holdings in shares of Philip Morris International by 35.2% in the first quarter. Kentucky Retirement Systems now owns 132,277 shares of the company’s stock valued at $21,871,000 after purchasing an additional 34,457 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Philip Morris International by 0.8% in the first quarter. Centaurus Financial Inc. now owns 11,504 shares of the company’s stock valued at $1,902,000 after purchasing an additional 96 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $704,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. UBS Group increased their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.22.

Philip Morris International Price Performance

Shares of NYSE PM opened at $199.04 on Thursday. The company has a 50-day simple moving average of $183.26 and a 200-day simple moving average of $176.46. The company has a market cap of $310.22 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.42 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 announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The company’s quarterly revenue 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, analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 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.