Philip Morris International Inc. $PM Shares Acquired by Acumen Wealth Advisors LLC

Acumen Wealth Advisors LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 736.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,815 shares of the company's stock after buying an additional 8,642 shares during the period. Acumen Wealth Advisors LLC's holdings in Philip Morris International were worth $1,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Vanguard Group Inc. raised its holdings in shares of Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock worth $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. Capital World Investors boosted its holdings in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after buying an additional 3,579,399 shares in the last quarter. Capital International Investors grew its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Capital Research Global Investors grew its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Philip Morris International by 12.0% in the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock valued at $2,848,919,000 after buying an additional 1,847,421 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Citigroup upped their target price on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Stock Performance

NYSE PM opened at $190.40 on Friday. The firm's 50 day moving average price is $185.23 and its two-hundred day moving average price is $178.00. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a $1.47 dividend. 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 dividend 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.

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