GAMMA Investing LLC Grows Stock Position in Philip Morris International Inc. $PM

GAMMA Investing LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,012 shares of the company’s stock after purchasing an additional 4,335 shares during the quarter. GAMMA Investing LLC’s holdings in Philip Morris International were worth $8,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grant Private Wealth Management Inc boosted its holdings in shares of Philip Morris International by 13.0% in the second quarter. Grant Private Wealth Management Inc now owns 3,558 shares of the company’s stock valued at $644,000 after acquiring an additional 409 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Philip Morris International by 1.9% during the second quarter. Central Pacific Bank Trust Division now owns 22,412 shares of the company’s stock worth $4,055,000 after purchasing an additional 408 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in Philip Morris International in the second quarter valued at about $1,346,000. Sandy Cove Advisors LLC lifted its position in Philip Morris International by 13.1% in the second quarter. Sandy Cove Advisors LLC now owns 1,382 shares of the company’s stock valued at $250,000 after purchasing an additional 160 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in Philip Morris International by 9.2% in the 2nd quarter. CoreCap Advisors LLC now owns 51,968 shares of the company’s stock valued at $9,401,000 after purchasing an additional 4,362 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.4%

PM stock opened at $186.70 on Wednesday. The company’s 50-day moving average price is $183.44 and its 200 day moving average price is $177.11. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a market cap of $290.99 billion, a P/E ratio of 26.82, a P/E/G ratio of 2.26 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued 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 period last year, the company posted $1.89 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PM shares. Morgan Stanley boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Needham & Company LLC raised their price target on 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 restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Philip Morris International currently has a consensus 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.