First Financial Bank Trust Division Boosts Stock Position in Philip Morris International Inc. $PM

First Financial Bank Trust Division lifted its stake in Philip Morris International Inc. (NYSE:PM) by 30.5% in the second quarter, Holdings Channel.com reports. The fund owned 18,396 shares of the company’s stock after purchasing an additional 4,296 shares during the period. First Financial Bank Trust Division’s holdings in Philip Morris International were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PM shares. Citigroup raised their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays upped their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock opened at $187.64 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market cap of $292.46 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. The firm’s fifty day moving average price is $183.34 and its 200-day moving average price is $177.00.

Philip Morris International (NYSE:PM) last announced 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 company had revenue of $11.19 billion during 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio 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.