Cullen Capital Management LLC Buys Shares of 1,197,637 Philip Morris International Inc. $PM

Cullen Capital Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,197,637 shares of the company’s stock, valued at approximately $216,665,000. Philip Morris International accounts for about 2.1% of Cullen Capital Management LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds have also modified their holdings of PM. Bank of New York Mellon Corp lifted its stake in Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after acquiring an additional 2,755,662 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after purchasing an additional 19,309 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares during the period. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Finally, Addison Capital Co grew its holdings in shares of Philip Morris International by 32.5% in the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after purchasing an additional 7,793 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: The FDA granted Marketing Granted Orders for 11 ZYN ULTRA nicotine pouch products in the United States, including all 9mg variants and one 11mg variant. The authorization broadens PM’s smoke-free portfolio, supports regulatory certainty for ZYN, and reinforces the company’s long-term shift away from combustible tobacco. Philip Morris’ ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push
• Positive Sentiment: Recent second-quarter results provided additional support for the stock: revenue increased 10.4% year over year to $11.19 billion, while adjusted earnings of $2.20 per share exceeded the $2.05 consensus estimate. The company also issued third-quarter earnings guidance of $2.20 to $2.25 per share. Should Strong Q2 Results And New FDA-Authorized ZYN ULTRA Pouches Require Action From Philip Morris Investors?
• Neutral Sentiment: PM and Altria Group (NYSE: MO) entered reciprocal contract manufacturing agreements intended to improve manufacturing efficiency and operational flexibility. PM’s non-U.S. affiliates will manufacture certain combustible cigarettes for Philip Morris USA, while the arrangements also provide reciprocal production capabilities. First shipments are expected in 2027, and the companies said the agreements should not materially affect 2026 results, limiting the near-term earnings impact. Altria, Philip Morris International sign contract manufacturing deals

Analysts Set New Price Targets

PM has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Needham & Company LLC upped their price objective 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. Stifel Nicolaus lifted their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Barclays upped their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $191.48 on Tuesday. The firm has a market capitalization of $298.44 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The business’s fifty day moving average price is $186.22 and its 200 day moving average price is $178.46. 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 released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders 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 dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 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.