11,479 Shares in Philip Morris International Inc. $PM Bought by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,479 shares of the company’s stock, valued at approximately $2,077,000.

A number of other hedge funds also recently modified their holdings of the business. Coastal Bridge Advisors LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $3,298,000. Jefferies Financial Group Inc. bought a new position in Philip Morris International in the second quarter valued at approximately $1,591,000. Public Employees Retirement System of Ohio acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $107,426,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Philip Morris International during the second quarter worth $2,345,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Philip Morris International during the second quarter worth $528,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $190.52 on Friday. The stock has a 50 day moving average price of $186.94 and a 200 day moving average price of $178.69. The stock 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 Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (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 company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business’s 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, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS 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 paid a dividend of $1.47 per share. 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 payout ratio is currently 84.48%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PM. Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $205.89.

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.