Elevation Point Wealth Partners LLC Makes New $10.29 Million Investment in Philip Morris International Inc. $PM

Key Points

• Elevation Point Wealth Partners acquired 56,673 Philip Morris International shares worth approximately $10.29 million during the second quarter. Institutional investors and hedge funds collectively own 78.63% of PM’s outstanding stock.
• Philip Morris reported quarterly revenue of $11.19 billion and adjusted earnings of $2.20 per share, beating analyst estimates, while revenue rose 10.4% year over year. The company guided for third-quarter EPS of $2.20–$2.25.
• PM pays a quarterly dividend of $1.47 per share, equivalent to a 3.1% yield, and analysts maintain a Moderate Buy consensus with an average price target of $205.89.

Elevation Point Wealth Partners LLC acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 56,673 shares of the company's stock, valued at approximately $10,288,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AG Campbell Advisory LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International during the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. grew its stake in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after buying an additional 104 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Philip Morris International during the second quarter worth approximately $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 1.8%

NYSE PM opened at $188.14 on Friday. The stock has a market cap of $293.24 billion, a P/E ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38. The company's fifty day simple moving average is $186.03 and its 200-day simple moving average is $178.36. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the business earned $1.89 EPS. The business's 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, research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid 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 dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. Citigroup raised their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Stifel Nicolaus increased their price target on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Barclays upped their target price on 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 given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Company 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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