Philip Morris International Inc. $PM Shares Purchased by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers increased its Philip Morris International stake by 5.4% in the second quarter, bringing its holdings to 210,718 shares valued at approximately $38.1 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds. The stock has a “Moderate Buy” consensus rating and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in earnings per share and $11.19 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.47, representing a 3.1% annualized yield.

Wealthfront Advisers LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,718 shares of the company's stock after acquiring an additional 10,748 shares during the quarter. Wealthfront Advisers LLC's holdings in Philip Morris International were worth $38,121,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth about $1,458,000. First National Bank of Omaha raised its position in shares of Philip Morris International by 6.4% in the second quarter. First National Bank of Omaha now owns 86,892 shares of the company's stock valued at $15,853,000 after buying an additional 5,254 shares during the last quarter. Valley Forge Investment Consultants Inc. ADV purchased a new position in shares of Philip Morris International during the second quarter valued at approximately $217,000. Meeder Advisory Services Inc. lifted its stake in shares of Philip Morris International by 5.1% during the second quarter. Meeder Advisory Services Inc. now owns 38,513 shares of the company's stock valued at $6,967,000 after buying an additional 1,860 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in Philip Morris International by 5.9% during the second quarter. Citizens Financial Group Inc. RI now owns 33,364 shares of the company's stock worth $6,036,000 after acquiring an additional 1,845 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PM. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Citigroup raised their price objective on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Needham & Company LLC upped their target price on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. UBS Group increased their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 2nd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Ten equities research 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 an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Up 1.3%

NYSE:PM opened at $190.02 on Thursday. The company has a market cap of $296.16 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm's 50 day moving average is $185.74 and its two-hundred day moving average is $178.21.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business earned $1.89 EPS. Philip Morris International's revenue for the quarter 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. Research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued 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 (DPR) is presently 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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