Empowered Funds LLC Takes Position in Philip Morris International Inc. $PM

Empowered Funds LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, Holdings Channel.com reports. The fund purchased 146,159 shares of the company’s stock, valued at approximately $26,442,000.

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

Philip Morris International Price Performance

NYSE:PM opened at $190.52 on Friday. The business has a fifty day simple moving average of $186.94 and a two-hundred day simple moving average of $178.69. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The company 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.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued 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 3.1%. Philip Morris International’s dividend payout ratio is 84.48%.

Analyst Upgrades and Downgrades

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

Philip Morris International Company 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.