Field & Main Bank Purchases Shares of 6,515 Philip Morris International Inc. $PM

Field & Main Bank purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,515 shares of the company’s stock, valued at approximately $1,179,000.

Other institutional investors have also recently made changes to their positions in the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new position in Philip Morris International in the 4th quarter worth $29,000. Vermillion Wealth Management Inc. lifted its position in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International during the second quarter valued at about $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.8%

NYSE:PM opened at $192.02 on Friday. The business’s 50-day simple moving average is $187.21 and its two-hundred day simple moving average is $178.79. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market cap of $299.28 billion, a PE ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released 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 firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Sell-side analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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. This represents a $5.88 dividend on an annualized basis 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 84.48%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Barclays upped their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.