Hodges Capital Management Inc. Grows Holdings in Philip Morris International Inc. $PM

Hodges Capital Management Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 25.1% in the 2nd quarter, Holdings Channel reports. The fund owned 14,950 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Hodges Capital Management Inc.’s holdings in Philip Morris International were worth $2,705,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AG Campbell Advisory LLC bought a new position in shares of Philip Morris International during the fourth 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 approximately $26,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. boosted its position 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, Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $29,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PM. Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group boosted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Up 0.8%

NYSE:PM opened at $190.40 on Friday. The company’s 50 day moving average price is $185.23 and its 200-day moving average price is $178.00. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’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. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced 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 of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) 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.