North Star Asset Management Inc. Invests $10.25 Million in Philip Morris International Inc. $PM

North Star Asset Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,649 shares of the company’s stock, valued at approximately $10,248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AG Campbell Advisory LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International in the 2nd quarter valued at about $29,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. increased 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 acquiring an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. UBS Group upped their price target on 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, Stifel Nicolaus raised their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Down 1.8%

Shares of Philip Morris International stock opened at $190.52 on Friday. The business has a 50-day moving average price of $186.94 and a 200 day moving average price of $178.69. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm has a market cap 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.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results 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. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given 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%.

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.