146,159 Shares in Philip Morris International Inc. $PM Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 146,159 shares of the company’s stock, valued at approximately $26,442,000.

Other hedge funds have also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC acquired a new position in shares of Philip Morris International in the 2nd quarter worth approximately $13,256,000. Papamarkou Wellner Asset Management inc. bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $4,465,000. Dearborn Partners LLC acquired a new stake in Philip Morris International during the second quarter worth approximately $362,000. Yukon Wealth Management Inc. acquired a new stake in Philip Morris International during the second quarter worth approximately $469,000. Finally, Brooks Moore & Associates Inc. bought a new stake in Philip Morris International in the second quarter worth approximately $1,076,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PM shares. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Needham & Company LLC lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Trading Down 1.8%

Shares of PM stock opened at $190.52 on Friday. The firm has a fifty day simple moving average of $186.94 and a two-hundred day simple moving average of $178.69. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market capitalization of $296.94 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend 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 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.