Man Group plc Buys New Shares in Philip Morris International Inc. $PM

Man Group plc purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,422 shares of the company’s stock, valued at approximately $2,790,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Philip Morris International during the 2nd quarter worth approximately $249,000. Invst LLC acquired a new position in shares of Philip Morris International during the second quarter worth $847,000. Councilmark Asset Management LLC acquired a new position in shares of Philip Morris International during the second quarter worth $3,696,000. First Bancorp Inc ME acquired a new stake in Philip Morris International in the second quarter valued at $402,000. Finally, Valtrion Capital Management LLC purchased a new stake in Philip Morris International during the 2nd quarter worth about $771,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PM shares. Citigroup raised their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Barclays increased their target price 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. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Stock Down 2.4%

Shares of PM stock opened at $187.24 on Tuesday. The stock’s 50-day moving average price is $187.49 and its 200 day moving average price is $178.80. The stock has a market capitalization of $291.83 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.32 and a beta of 0.38. 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 analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $1.89 EPS. 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 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid 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 84.48%.

Philip Morris International Profile

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.