Prosperitas Financial LLC Invests $5.56 Million in Philip Morris International Inc. $PM

Prosperitas Financial LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,745 shares of the company’s stock, valued at approximately $5,562,000. Philip Morris International comprises 1.8% of Prosperitas Financial LLC’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of PM. Bank of New York Mellon Corp grew its stake in shares of 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 during the period. Global Retirement Partners LLC lifted its holdings in Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares during the last quarter. Perennial Investment Advisors LLC bought a new position in Philip Morris International during the second quarter worth about $505,000. New York Life Investment Management LLC raised its position 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. Finally, Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $192.02 on Friday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The business’s 50 day simple moving average is $187.21 and its two-hundred day simple moving average is $178.79. The stock has a market capitalization of $299.28 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $1.89 earnings per share. 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 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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 84.48%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Citigroup lifted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus raised their price target 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. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

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.