Coastal Bridge Advisors LLC Makes New $3.30 Million Investment in Philip Morris International Inc. $PM

Key Points

• Coastal Bridge Advisors initiated a $3.30 million position in Philip Morris International during the second quarter, purchasing 18,232 shares. Institutional investors and hedge funds collectively own 78.63% of the company.
• Analysts maintain a positive outlook, with ten Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with EPS of $2.20 and revenue of $11.19 billion, up 10.4% year over year. The company also pays a $1.47 quarterly dividend, equivalent to a 3.1% annual yield.

Coastal Bridge Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,232 shares of the company's stock, valued at approximately $3,298,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Philip Morris International by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock valued at $10,775,000 after acquiring an additional 19,309 shares in the last quarter. Perennial Investment Advisors LLC acquired a new position in shares of Philip Morris International during the second quarter worth about $505,000. New York Life Investment Management LLC raised its holdings in Philip Morris International by 3.6% during the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company's stock worth $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Addison Capital Co lifted its position in Philip Morris International by 32.5% in the first quarter. Addison Capital Co now owns 31,779 shares of the company's stock valued at $5,254,000 after purchasing an additional 7,793 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on PM. Stifel Nicolaus boosted their target price 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 restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley upped their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" 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 Monday, August 17th. Finally, UBS Group upped their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Trading Down 1.8%

Shares of NYSE PM opened at $190.52 on Friday. The stock has a market cap of $296.94 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company's 50-day moving average price is $186.94 and its 200 day moving average price is $178.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders 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 was Thursday, June 25th. Philip Morris International's dividend payout ratio is 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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