Global Retirement Partners LLC Makes New Investment in Philip Morris International Inc. $PM

Global Retirement Partners LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,525 shares of the company’s stock, valued at approximately $12,578,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the fourth quarter valued at $26,000. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $28,000. Vermillion Wealth Management Inc. increased its position in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after buying an additional 104 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International in the second quarter valued at $29,000. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

PM has been the topic of a number of recent research reports. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Needham & Company LLC upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Finally, UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Down 3.0%

Shares of PM opened at $184.76 on Tuesday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a market cap of $287.97 billion, a PE ratio of 26.55, a P/E/G ratio of 2.30 and a beta of 0.38. The business’s 50-day moving average price is $185.41 and its 200-day moving average price is $178.06.

Philip Morris International (NYSE:PM) last issued its quarterly 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 the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 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.