HighTower Advisors LLC Acquires 9,240 Shares of Philip Morris International Inc. $PM

HighTower Advisors LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 980,986 shares of the company’s stock after buying an additional 9,240 shares during the period. HighTower Advisors LLC owned approximately 0.06% of Philip Morris International worth $177,470,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International in the 4th quarter worth $26,000. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the 4th quarter worth $28,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Philip Morris International during the 2nd quarter worth about $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PM. UBS Group upped their price target on 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 lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Trading Up 0.0%

Shares of NYSE:PM opened at $190.40 on Monday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock has a market capitalization of $296.76 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.30 and a beta of 0.38. The business has a 50-day moving average price of $185.23 and a two-hundred day moving average price of $178.02.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the firm earned $1.89 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders 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 dividend payout ratio (DPR) is presently 84.48%.

Philip Morris International 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.