Philip Morris International Inc. $PM Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 178,201 shares of the company’s stock after acquiring an additional 2,783 shares during the period. NorthRock Partners LLC’s holdings in Philip Morris International were worth $32,238,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PM. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. grew its holdings 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 acquiring an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus upped their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Barclays boosted 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 report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock opened at $184.94 on Wednesday. The stock has a fifty day moving average of $188.09 and a two-hundred day moving average of $178.76. The company has a market capitalization of $288.25 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76.

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 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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $1.89 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. 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 is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.