Institutional buyers open new Philip Morris positions
Two asset managers disclosed new stakes in Philip Morris International during the second quarter. Tocqueville Asset Management L.P. bought 7,979 shares valued at approximately $1,443,000, while Mystic Asset Management Inc. acquired 13,629 shares worth about $2,466,000. Several other funds also reported new or increased positions during the quarter, including Kelman Lazarov Inc., one8zero8 LLC, Kentucky Farm Bureau Mutual Insurance Co., Addison Advisors LLC, West Family Investments Inc., Caitong International Asset Management Co., Portfolio Resources Advisor Group Inc., Vermillion Wealth Management Inc., AG Campbell Advisory LLC, and Safe Harbor Fiduciary LLC. According to the filings cited by both reports, institutional investors and hedge funds collectively own 78.63% of the company's stock.
Trading levels and market valuation
Philip Morris International shares opened at $191.85 on the day the positions were reported, up about 1.0% from the prior session. The stock carries a market capitalization of $299.02 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.29, and a beta of 0.38. The 50-day simple moving average stood at $185.96 and the 200-day moving average at $178.30. Over the trailing twelve months, the share price ranged from $142.11 to $207.76.
Recent earnings and quarterly results
The company reported second-quarter results on July 22, posting earnings per share of $2.20 against a consensus estimate of $2.05, a beat of $0.15. Quarterly revenue reached $11.19 billion, compared with a $10.60 billion consensus estimate and a 10.4% year-over-year increase. The same-period prior-year EPS was $1.89. Management issued Q3 2026 EPS guidance of $2.20 to $2.25, and the analyst consensus full-year EPS estimate sits at $8.33. Net margin for the quarter was 11.06%, while the return on equity figure was reported as negative 163.41% in both filings.
Dividend and capital return
Philip Morris International paid a quarterly dividend of $1.47 on July 20 to shareholders of record on June 25. The annualized payout equals $5.88, implying a yield of about 3.1% at the prevailing share price, and the dividend payout ratio stands at 84.48%.
Analyst price targets and ratings
Several research desks updated their views during the weeks surrounding the earnings release. BTIG Research set a $221.00 target on July 24, Barclays lifted its objective from $205.00 to $225.00 on July 29 with an "overweight" rating, Stifel Nicolaus raised its target from $195.00 to $205.00 on July 23, Needham & Company LLC moved its price objective from $200.00 to $215.00 on July 23, and UBS Group increased its target from $168.00 to $182.00 on July 2 with a "neutral" rating. Bank of America reiterated a "buy" in May. Ten analysts carry a Buy rating and two carry a Hold rating, yielding a MarketBeat average rating of "Moderate Buy" and an average price target of $205.89.
Remaining uncertainties
The two disclosures arrive through HoldingsChannel coverage of 13F-style filings, and the underlying portfolio snapshots reflect holdings at the end of the second quarter rather than the publication date. The reported negative return on equity of 163.41% is unusually large and was not reconciled in the source materials, leaving a question for readers about whether the figure reflects a reporting convention rather than a recent operational result.
Share this article
