AssuredPartners Investment Advisors LLC Purchases Shares of 10,889 Philip Morris International Inc. $PM

Key Points

• AssuredPartners Investment Advisors acquired 10,889 shares of Philip Morris International in the second quarter, valued at approximately $1.97 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20 and revenue of $11.19 billion, exceeding analyst expectations, while revenue increased 10.4% year over year. Shares opened at $190.02, up 1.3%.
• The company maintains a quarterly dividend of $1.47 per share, or $5.88 annually, producing a 3.1% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $205.89.

AssuredPartners Investment Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,889 shares of the company's stock, valued at approximately $1,970,000.

Other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC grew its position in shares of Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock valued at $244,000 after buying an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its position in Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock valued at $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in 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 acquiring an additional 58 shares during the last quarter. Platt Wealth Management LLC boosted its stake in 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 acquiring an additional 58 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its stake in Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock valued at $222,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 1.3%

Shares of NYSE:PM opened at $190.02 on Thursday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a 50-day moving average price of $185.74 and a 200 day moving average price of $178.21. The company has a market cap of $296.16 billion, a P/E ratio of 27.30, a PEG ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for 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%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm 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 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. Morgan Stanley boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. 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. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Bank of America reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Monday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.89.

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.

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