Corient Private Wealth LP Lowers Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Corient Private Wealth LP reduced its Philip Morris stake by 9.6% in the second quarter, selling 54,079 shares and retaining 510,816 shares valued at approximately $92.4 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly earnings of $2.20 per share, beating estimates of $2.05, while revenue rose 10.4% year over year to $11.19 billion. The company issued third-quarter 2026 EPS guidance of $2.20 to $2.25.
• Analysts remain broadly positive, with ten Buy ratings and two Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $205.89, versus a reported price of $191.19.

Corient Private Wealth LP lowered its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 510,816 shares of the company's stock after selling 54,079 shares during the period. Corient Private Wealth LP's holdings in Philip Morris International were worth $92,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International in the 2nd quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock opened at $191.19 on Friday. The stock has a market capitalization of $298.00 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.42 and a beta of 0.37. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The business has a fifty day moving average price of $188.57 and a 200-day moving average price of $178.91.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the firm posted $1.89 earnings per share. Philip Morris International's 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, analysts anticipate that Philip Morris International Inc. will post 8.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Bank of America restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. Citigroup upped their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the company a "buy" rating in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Profile

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.

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