FNY Investment Advisers LLC Takes Position in Philip Morris International Inc. $PM

Key Points

• FNY Investment Advisers purchased 27,690 shares of Philip Morris International worth approximately $5.0 million, making PM its seventh-largest holding and representing 1.8% of its portfolio. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20, 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–$2.25.
• Analyst sentiment remains positive, with ten Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $205.89. Philip Morris also offers a $1.47 quarterly dividend, equivalent to a 3.1% yield.

FNY Investment Advisers LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,690 shares of the company's stock, valued at approximately $5,009,000. Philip Morris International comprises 1.8% of FNY Investment Advisers LLC's portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $29,000. Finally, Vermillion Wealth Management Inc. grew its position in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after acquiring an additional 104 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Philip Morris International stock opened at $187.95 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm has a fifty day moving average price of $183.77 and a two-hundred day moving average price of $177.33. The firm has a market cap of $292.95 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (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 the consensus estimate of $10.60 billion. During the same period last year, the business posted $1.89 earnings per share. The firm'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, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's payout ratio is currently 84.48%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. UBS Group lifted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. Bank of America reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC raised 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. Finally, Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $205.89.

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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