Keebeck Wealth Management Purchases Shares of 9,328 Philip Morris International Inc. $PM

Key Points

• Keebeck Wealth Management initiated a position in Philip Morris International, purchasing 9,328 shares valued at approximately $1.7 million. Institutional investors collectively own 78.63% of PM’s outstanding stock.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in adjusted earnings per share and $11.19 billion in revenue, up 10.4% year over year. The company also maintains a $1.47 quarterly dividend, equal to a 3.1% yield.

Keebeck Wealth Management acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,328 shares of the company's stock, valued at approximately $1,701,000.

Several other large investors have also made changes to their positions in PM. Brighton Jones LLC increased its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after purchasing an additional 1,970 shares during the period. Jump Financial LLC acquired a new stake in Philip Morris International during the 2nd quarter worth approximately $2,454,000. Finally, Osterweis Capital Management Inc. increased its position in Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after purchasing an additional 342 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PM has been the topic of a number of recent research reports. 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 objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. 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. UBS Group increased their price target on 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 boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Trading Down 1.8%

NYSE PM opened at $188.14 on Friday. 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. The stock has a market cap of $293.24 billion, a P/E ratio of 27.03, a PEG ratio of 2.31 and a beta of 0.38.

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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's payout ratio is presently 84.48%.

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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