Benjamin Edwards Inc. Increases Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Benjamin Edwards Inc. increased its Philip Morris International holdings by 66.5% in the second quarter, adding 82,013 shares for a total position worth approximately $37.2 million. Institutional investors collectively own 78.63% of PM’s outstanding stock.
• Analysts remain broadly positive, with ten Buy ratings and two Holds. The consensus rating is “Moderate Buy,” with an average price target of $205.89, above the reported share price of $192.02.
• Philip Morris exceeded quarterly expectations with adjusted earnings of $2.20 per share and revenue of $11.19 billion, while revenue grew 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, representing a 3.1% annualized yield.

Benjamin Edwards Inc. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 66.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,344 shares of the company's stock after acquiring an additional 82,013 shares during the quarter. Benjamin Edwards Inc.'s holdings in Philip Morris International were worth $37,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Resurgent Financial Advisors LLC increased its stake in shares of Philip Morris International by 3.7% during the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock worth $244,000 after purchasing an additional 54 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock valued at $2,942,000 after buying an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC increased its position in Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after buying an additional 58 shares in the last quarter. Platt Wealth Management LLC increased its position in Philip Morris International by 2.1% during the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock worth $512,000 after buying an additional 58 shares in the last quarter. Finally, Aristotle Capital Management LLC raised its holdings in shares of Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock worth $222,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Citigroup upped their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Barclays lifted their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Needham & Company LLC upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. 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

Shares of NYSE:PM opened at $192.02 on Friday. The stock has a 50-day simple moving average of $187.21 and a 200-day simple moving average of $178.79. The stock has a market capitalization of $299.28 billion, a P/E ratio of 27.59, a PEG ratio of 2.32 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate 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%. Philip Morris International's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current 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 issued 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 3.1%. Philip Morris International's payout ratio 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.

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