Janney Montgomery Scott LLC Takes $112.15 Million Position in Philip Morris International Inc. $PM

Janney Montgomery Scott LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 619,899 shares of the company’s stock, valued at approximately $112,146,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its stake in shares of Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after purchasing an additional 54 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after purchasing an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in shares of Philip Morris International by 4.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after buying an additional 58 shares during the period. Platt Wealth Management LLC increased its stake in shares of Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after buying an additional 58 shares during the period. Finally, Aristotle Capital Management LLC raised its holdings in Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock valued at $222,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, UBS Group boosted their price objective 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

Philip Morris International stock opened at $190.40 on Monday. The stock’s 50 day moving average is $185.23 and its 200 day moving average is $178.02. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The firm has a market cap 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.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis 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 currently 84.48%.

About Philip Morris International

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.