Prosperitas Financial LLC Boosts Stake in Philip Morris International Inc. $PM

Prosperitas Financial LLC boosted its position in Philip Morris International Inc. (NYSE:PM) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,745 shares of the company’s stock after purchasing an additional 2,898 shares during the period. Philip Morris International makes up approximately 1.8% of Prosperitas Financial LLC’s investment portfolio, making the stock its 21st biggest holding. Prosperitas Financial LLC’s holdings in Philip Morris International were worth $5,562,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GQG Partners LLC purchased a new stake in shares of Philip Morris International in the second quarter worth approximately $8,220,008,000. Bank of America Corp DE bought a new position in Philip Morris International in the 2nd quarter valued at $3,075,267,000. Capital International Investors increased its stake in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors increased its stake in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Philip Morris International during the second quarter worth $1,316,151,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.9%

Shares of NYSE:PM opened at $186.30 on Friday. The company has a market capitalization of $290.37 billion, a PE ratio of 26.77, a P/E/G ratio of 2.43 and a beta of 0.37. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The business’s fifty day simple moving average is $187.99 and its 200-day simple moving average is $178.79.

Philip Morris International (NYSE:PM) last issued 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. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business posted $1.89 EPS. The firm’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. Research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. 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 (DPR) is currently 84.48%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PM. 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. Morgan Stanley boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. UBS Group upped 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. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Company 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.