Oppenheimer Asset Management Inc. Decreases Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Oppenheimer Asset Management reduced its Philip Morris stake by 4.1% in the second quarter, selling 8,337 shares and retaining 194,006 shares valued at approximately $35.1 million.
• Philip Morris reported quarterly revenue of $11.19 billion and earnings of $2.20 per share, exceeding analyst estimates; revenue increased 10.4% year over year. The company also declared a quarterly dividend of $1.47, equivalent to a 3.1% annualized yield.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $205.89 versus the shares’ reported $190.40 price.

Oppenheimer Asset Management Inc. decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,006 shares of the company's stock after selling 8,337 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Philip Morris International were worth $35,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Plan Group Financial LLC boosted its holdings in Philip Morris International by 4.0% in the second quarter. Plan Group Financial LLC now owns 23,686 shares of the company's stock worth $4,285,000 after purchasing an additional 909 shares during the last quarter. Hodges Capital Management Inc. raised its stake in Philip Morris International by 25.1% during the 2nd quarter. Hodges Capital Management Inc. now owns 14,950 shares of the company's stock valued at $2,705,000 after buying an additional 3,000 shares during the last quarter. Platt Wealth Management LLC lifted its holdings in shares of Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after buying an additional 58 shares during the period. Phoenix Wealth Advisors lifted its holdings in shares of Philip Morris International by 15.5% during the 2nd quarter. Phoenix Wealth Advisors now owns 3,093 shares of the company's stock valued at $560,000 after buying an additional 414 shares during the period. Finally, Oldfield Partners LLP boosted its stake in shares of Philip Morris International by 3.7% in the 2nd quarter. Oldfield Partners LLP now owns 2,800 shares of the company's stock worth $507,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of PM stock opened at $190.40 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm has a fifty day moving average price of $185.23 and a 200-day moving average price of $178.00. The company has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.28 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The business 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. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's dividend payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a "buy" rating in a report on Friday, July 24th. Needham & Company LLC raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, UBS Group upped their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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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