Deutsche Bank AG Has $504.50 Million Stock Holdings in Philip Morris International Inc. $PM

Deutsche Bank AG grew its stake in Philip Morris International Inc. (NYSE:PM) by 0.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,788,685 shares of the company’s stock after buying an additional 6,069 shares during the period. Deutsche Bank AG’s holdings in Philip Morris International were worth $504,501,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. raised 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 worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $28,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, UBS Group upped their price target 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. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Trading Up 1.8%

PM opened at $187.77 on Wednesday. The company has a fifty day moving average price of $185.60 and a two-hundred day moving average price of $178.12. 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 cap of $292.66 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The company 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 business’s revenue was up 10.4% on a year-over-year basis. 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. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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