Diversify Advisory Services LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 76,367 shares of the company’s stock, valued at approximately $14,942,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after acquiring an additional 19,309 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after acquiring an additional 7,600 shares during the period. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Addison Capital Co increased its position in Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after acquiring an additional 7,793 shares during the last quarter. Finally, Orographic Financial Advisors LLC bought a new position in shares of Philip Morris International in the 1st quarter worth approximately $1,205,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on PM shares. Citigroup raised their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group lifted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.89.
Philip Morris International Stock Up 1.3%
Shares of NYSE PM opened at $190.02 on Thursday. The business has a fifty day simple moving average of $185.74 and a two-hundred day simple moving average of $178.21. The firm has a market cap of $296.16 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76.
Philip Morris International (NYSE:PM – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.
Philip Morris International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s payout ratio is 84.48%.
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.
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