Northwestern Mutual Wealth Management Co. Takes $87.80 Million Position in Philip Morris International Inc. $PM

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 485,349 shares of the company’s stock, valued at approximately $87,804,000.

Other large investors have also bought and sold shares of the company. AG Campbell Advisory LLC bought a new position in Philip Morris International in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $29,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its position in shares of Philip Morris International by 146.5% in 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 last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup upped their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. 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 report on Thursday, July 23rd. UBS Group boosted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $188.14 on Friday. The business’s 50-day simple moving average is $186.03 and its 200-day simple moving average is $178.36. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market capitalization of $293.24 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business 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%.Philip Morris International’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 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.