Allworth Financial LP Sells 3,811 Shares of Philip Morris International Inc. $PM

Allworth Financial LP cut its holdings in Philip Morris International Inc. (NYSE:PM) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,005 shares of the company’s stock after selling 3,811 shares during the quarter. Allworth Financial LP’s holdings in Philip Morris International were worth $27,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. lifted its stake in Philip Morris International by 146.5% in the 1st 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 last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International in the 4th quarter valued at approximately $29,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PM. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC upped their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their target price 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Price Performance

Shares of PM traded up $2.41 during trading hours on Tuesday, hitting $184.94. 4,832,504 shares of the stock were exchanged, compared to its average volume of 5,040,343. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The business has a 50-day moving average of $188.01 and a 200-day moving average of $178.75. The firm has a market capitalization of $288.25 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released 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. The business 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%. Philip Morris International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. 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 is presently 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.