Philip Morris International Inc. $PM Shares Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,942 shares of the company’s stock after purchasing an additional 3,877 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Philip Morris International were worth $8,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GQG Partners LLC purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $8,220,008,000. Bank of America Corp DE acquired a new position in shares of Philip Morris International during the 2nd quarter valued at $3,075,267,000. Capital International Investors boosted its position in Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors increased its holdings in Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Philip Morris International in the 2nd quarter valued at $1,316,151,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PM shares. 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 note on Thursday, July 23rd. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Barclays increased their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Ten equities research 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, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $192.02 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.30 and a beta of 0.38. The stock’s 50-day simple moving average is $187.21 and its 200-day simple moving average is $178.79.

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. 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 quarter in the prior year, the business posted $1.89 earnings per share. Philip Morris International’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. As a group, research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is 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.