Payne Capital Management LLC Buys Shares of 3,236 Philip Morris International Inc. $PM

Payne Capital Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,236 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors have also modified their holdings of PM. AG Campbell Advisory LLC bought a new position in Philip Morris International during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International in the second quarter worth $29,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its holdings in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after acquiring an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International during the fourth quarter valued at $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE PM opened at $193.94 on Thursday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market capitalization of $302.28 billion, a PE ratio of 27.86, a P/E/G ratio of 2.34 and a beta of 0.38. The company’s 50 day simple moving average is $186.71 and its 200 day simple moving average is $178.64.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. 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. Sell-side analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal 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 dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PM shares. Stifel Nicolaus increased 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. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Barclays raised their price target 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. Finally, Morgan Stanley boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.89.

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.