Evolve Private Wealth LLC Buys Shares of 5,726 Philip Morris International Inc. $PM

Key Points

• Evolve Private Wealth LLC initiated a position in Philip Morris International by purchasing 5,726 shares valued at approximately $1.04 million. Institutional investors and hedge funds collectively own 78.63% of PM.
• Philip Morris reported quarterly EPS of $2.20, exceeding the $2.05 analyst consensus, while revenue rose 10.4% year over year to $11.19 billion. The company guided for third-quarter EPS of $2.20–$2.25.
• PM recently paid a quarterly dividend of $1.47, equivalent to an annualized $5.88 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89.

Evolve Private Wealth LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,726 shares of the company's stock, valued at approximately $1,044,000.

A number of other institutional investors have also modified their holdings of PM. Resurgent Financial Advisors LLC lifted its position in shares of Philip Morris International by 3.7% during the fourth 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 shares of 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 purchasing an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 58 shares in the last quarter. Platt Wealth Management LLC increased its stake in Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock worth $512,000 after buying an additional 58 shares during the period. Finally, Aristotle Capital Management LLC increased its stake in Philip Morris International by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock worth $222,000 after buying an additional 58 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE:PM opened at $188.14 on Monday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market capitalization of $293.24 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The business's fifty day moving average price is $186.03 and its 200 day moving average price is $178.35.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly 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 negative return on equity of 163.41% and a net margin of 11.06%.The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the business earned $1.89 EPS. Philip Morris International's revenue for the quarter 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. As a group, equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. 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 84.48%.

Analyst Ratings Changes

PM has been the subject of several recent research reports. Bank of America reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group increased their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. Needham & Company LLC lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, Barclays upped their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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