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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International during the second quarter valued at approximately $29,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PM shares. Needham & Company LLC increased their target price on shares of 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 reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Performance

NYSE PM opened at $190.40 on Monday. The stock has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.30 and a beta of 0.38. The business has a 50 day simple moving average of $185.23 and a 200 day simple moving average of $178.02. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly 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. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. 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.