Cumberland Partners Ltd Grows Position in Philip Morris International Inc. $PM

Cumberland Partners Ltd increased its holdings in Philip Morris International Inc. (NYSE:PM) by 32.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,960 shares of the company’s stock after purchasing an additional 10,380 shares during the period. Cumberland Partners Ltd’s holdings in Philip Morris International were worth $7,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in shares of Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after purchasing an additional 19,309 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after buying an additional 7,600 shares in the last quarter. Addison Capital Co lifted its position in Philip Morris International by 32.5% in the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after buying an additional 7,793 shares during the last quarter. Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Philip Morris International by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 401,207 shares of the company’s stock worth $64,354,000 after buying an additional 8,680 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PM. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Barclays lifted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

Shares of PM stock opened at $184.76 on Tuesday. The business has a 50-day moving average of $185.41 and a 200 day moving average of $178.06. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock has a market capitalization of $287.97 billion, a PE ratio of 26.55, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the firm earned $1.89 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s 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.