Brooks Moore & Associates Inc. Purchases New Shares in Philip Morris International Inc. $PM

Brooks Moore & Associates Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 5,950 shares of the company’s stock, valued at approximately $1,076,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Resurgent Financial Advisors LLC grew its holdings in shares of Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its position in Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after buying an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Platt Wealth Management LLC grew its holdings in Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after acquiring an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in Philip Morris International by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $190.52 on Friday. The stock has a market cap of $296.94 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.34 and a beta of 0.38. The company has a 50 day moving average of $186.94 and a 200-day moving average of $178.69. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm earned $1.89 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Analysts Set New Price Targets

Several research firms have weighed in on PM. UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Morgan Stanley boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $205.89.

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.