5,950 Shares in Philip Morris International Inc. $PM Purchased by Brooks Moore & Associates Inc.

Brooks Moore & Associates Inc. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,950 shares of the company’s stock, valued at approximately $1,076,000.

Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $8,220,008,000. Bank of America Corp DE acquired a new position in shares of Philip Morris International in the second quarter valued at $3,075,267,000. Capital International Investors raised its stake in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, Legal & General Group Plc bought a new position in Philip Morris International in the second quarter worth $1,316,151,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Needham & Company LLC lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Barclays upped their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Stifel Nicolaus raised their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

Philip Morris International stock opened at $190.52 on Friday. The firm has a market capitalization of $296.94 billion, a P/E ratio of 27.37, a P/E/G ratio of 2.34 and a beta of 0.38. The stock has a fifty day moving average price of $186.94 and a two-hundred day moving average price of $178.69. 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 issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company earned $1.89 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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