Arizona State Retirement System Acquires 5,948 Shares of Philip Morris International Inc. $PM

Arizona State Retirement System boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 432,462 shares of the company’s stock after purchasing an additional 5,948 shares during the quarter. Arizona State Retirement System’s holdings in Philip Morris International were worth $78,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. grew its stake 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 buying an additional 104 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International during the 2nd quarter valued at approximately $29,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International during the 4th quarter valued at approximately $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE PM traded up $2.41 during mid-day trading on Tuesday, reaching $184.94. The stock had a trading volume of 4,832,504 shares, compared to its average volume of 5,040,343. The stock has a market cap of $288.25 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The company has a fifty day moving average price of $188.01 and a 200 day moving average price of $178.75.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company earned $1.89 EPS. 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. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Citigroup boosted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group upped their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

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.