Elevate Capital Advisors LLC Has $2.17 Million Stake in Philip Morris International Inc. $PM

Elevate Capital Advisors LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 8.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,897 shares of the company’s stock after purchasing an additional 920 shares during the period. Philip Morris International comprises about 1.7% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Elevate Capital Advisors LLC’s holdings in Philip Morris International were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFS Partners LLC grew its holdings in Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC lifted its holdings in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after acquiring an additional 61 shares during the period. Uncommon Cents Investing LLC lifted its position in Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after buying an additional 61 shares in the last quarter. Finally, NFP Retirement Inc. lifted its position in Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 3.1%

Philip Morris International stock opened at $153.09 on Friday. The firm has a market capitalization of $238.30 billion, a P/E ratio of 29.10, a PEG ratio of 2.28 and a beta of 0.46. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The business has a 50-day moving average of $164.82 and a 200-day moving average of $168.54.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is presently 102.66%.

Analyst Ratings Changes

A number of brokerages recently commented on PM. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.44.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.