Csenge Advisory Group Buys New Stake in Philip Morris International Inc. $PM

Csenge Advisory Group purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 43,892 shares of the company’s stock, valued at approximately $7,941,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International in the second quarter worth about $29,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the period. Finally, Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $28,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM stock opened at $190.02 on Thursday. The company has a market cap of $296.16 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.27 and a beta of 0.38. The stock has a 50 day simple moving average of $185.74 and a 200-day simple moving average of $178.21. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM) last released its quarterly 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 firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company earned $1.89 EPS. The firm’s revenue for the quarter 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 anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 84.48%.

Analyst Ratings Changes

PM has been the subject of several recent research reports. Citigroup lifted their target price 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. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target 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.