Focus Partners Advisor Solutions LLC Boosts Stock Position in Philip Morris International Inc. $PM

Key Points

• Focus Partners Advisor Solutions increased its Philip Morris stake by 44.7% in the second quarter, adding 13,362 shares to own 43,282 shares valued at approximately $7.83 million. Institutional investors collectively hold 78.63% of the company.
• Analysts maintain a positive outlook, with ten Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with adjusted 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 3.2% yield.

Focus Partners Advisor Solutions LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,282 shares of the company's stock after buying an additional 13,362 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Philip Morris International were worth $7,830,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Resurgent Financial Advisors LLC grew its stake in shares of Philip Morris International by 3.7% in the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock worth $244,000 after acquiring an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC raised its position in shares of Philip Morris International by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock worth $2,942,000 after purchasing an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in shares of Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after purchasing an additional 58 shares during the last quarter. Platt Wealth Management LLC boosted its stake in Philip Morris International by 2.1% in the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock worth $512,000 after purchasing an additional 58 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its stake in Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock worth $222,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PM shares. Citigroup increased their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Barclays upped their target price 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 increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Finally, Needham & Company LLC raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" 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 stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Performance

PM stock opened at $184.76 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The business's 50-day moving average is $185.41 and its two-hundred day moving average is $178.06. The company has a market cap of $287.97 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.30 and a beta of 0.38.

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 the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International's 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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source