Van ECK Associates Corp Decreases Holdings in Philip Morris International Inc. $PM

Van ECK Associates Corp trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 99.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,700 shares of the company’s stock after selling 2,448,223 shares during the quarter. Van ECK Associates Corp’s holdings in Philip Morris International were worth $1,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International in the second quarter worth about $29,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. boosted 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 during the period. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Philip Morris International during the 4th quarter valued at about $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 2.0%

Shares of Philip Morris International stock opened at $182.36 on Friday. The business has a 50 day moving average of $188.02 and a 200 day moving average of $178.82. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a market cap of $284.23 billion, a PE ratio of 26.20, a P/E/G ratio of 2.40 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, 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 business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors 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 3.2%. Philip Morris International’s payout ratio is currently 84.48%.

Analyst Ratings Changes

Several brokerages have weighed in on PM. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Needham & Company LLC increased their price target 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. Citigroup raised their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus upped their price objective 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price 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.