Foyston Gordon & Payne Inc Invests $18.72 Million in Philip Morris International Inc. $PM

Foyston Gordon & Payne Inc bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 103,084 shares of the company’s stock, valued at approximately $18,716,000. Philip Morris International comprises 4.0% of Foyston Gordon & Payne Inc’s portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commerce Bank bought a new position in Philip Morris International during the 2nd quarter worth approximately $42,246,000. GQG Partners LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $8,220,008,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Philip Morris International during the second quarter worth $87,804,000. CFO4Life Group LLC acquired a new stake in shares of Philip Morris International during the second quarter worth $639,000. Finally, Evolve Private Wealth LLC bought a new position in Philip Morris International during the second quarter worth $1,044,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $188.14 on Friday. The stock has a 50-day moving average of $186.03 and a 200-day moving average of $178.36. The company has a market cap of $293.24 billion, a PE ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38. 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 issued its 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the company posted $1.89 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts expect 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%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Barclays lifted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup boosted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.