Odyssean LLC Buys New Holdings in Philip Morris International Inc. $PM

Odyssean LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,363 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors have also recently bought and sold shares of the business. GQG Partners LLC bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $8,220,008,000. Capital International Investors raised its stake in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its holdings in Philip Morris International by 25.3% during 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 last quarter. Legal & General Group Plc acquired a new stake in Philip Morris International during the 2nd quarter valued at $1,316,151,000. Finally, Jupiter Topco LLC bought a new position in Philip Morris International during the second quarter worth $726,464,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $182.36 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The company has a market capitalization of $284.23 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.40 and a beta of 0.37. The stock has a fifty day moving average of $188.02 and a 200-day moving average of $178.82.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. Philip Morris International’s quarterly revenue 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. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Morgan Stanley upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup increased their price target 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, BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.89.

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.