NewEdge Advisors LLC Decreases Stake in Philip Morris International Inc. $PM

NewEdge Advisors LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 485,191 shares of the company’s stock after selling 3,093 shares during the period. NewEdge Advisors LLC’s holdings in Philip Morris International were worth $80,221,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. raised its position in shares of Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after acquiring an additional 342 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

PM opened at $187.95 on Friday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The stock has a market capitalization of $292.95 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. The business’s 50-day simple moving average is $183.77 and its 200-day simple moving average is $177.33.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations 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 revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 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.