Ieq Capital LLC Purchases Shares of 163,197 Philip Morris International Inc. $PM

Ieq Capital LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 163,197 shares of the company’s stock, valued at approximately $29,524,000.

A number of other institutional investors also recently made changes to their positions in the company. Capital International Investors increased its stake 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 worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors boosted its stake 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 during the period. Capital World Investors boosted its stake in Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares during the period. Bank of New York Mellon Corp grew its holdings in Philip Morris International by 30.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock valued at $2,111,198,000 after buying an additional 2,755,662 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after buying an additional 1,847,421 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $188.14 on Friday. The stock has a market capitalization of $293.24 billion, a P/E ratio of 27.03, a PEG ratio of 2.31 and a beta of 0.38. The stock’s fifty day moving average is $186.03 and its 200 day moving average is $178.36. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during 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%. Philip Morris International’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 84.48%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. Morgan Stanley lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. 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 note on Thursday, July 2nd. Needham & Company LLC raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.