Philip Morris International Inc. $PM Shares Bought by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets increased its Philip Morris stake by 16.5% in the second quarter, bringing its holdings to 83,152 shares valued at approximately $15.0 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly positive, with ten Buy ratings and two Holds; Philip Morris has a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris reported quarterly EPS of $2.20, exceeding estimates, while revenue rose 10.4% year over year to $11.19 billion. The company also paid a quarterly dividend of $1.47 per share, representing a 3.1% yield.

Oliver Luxxe Assets LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,152 shares of the company's stock after purchasing an additional 11,751 shares during the quarter. Philip Morris International accounts for 2.2% of Oliver Luxxe Assets LLC's investment portfolio, making the stock its 2nd biggest holding. Oliver Luxxe Assets LLC's holdings in Philip Morris International were worth $15,043,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, UBS Group raised their target price on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Trading Up 0.8%

Shares of Philip Morris International stock opened at $189.65 on Friday. The company has a 50-day moving average of $184.01 and a two-hundred day moving average of $177.42. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The stock has a market cap of $295.58 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $11.19 billion during 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%.Philip Morris International's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend 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 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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