Proficio Capital Partners LLC Takes $1.03 Million Position in Philip Morris International Inc. $PM

Key Points

• Proficio Capital Partners acquired 5,720 shares of Philip Morris International worth approximately $1.03 million during the second quarter. Institutional investors and hedge funds collectively own 78.63% of the company.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds; the consensus price target is $205.89, above the stock’s reported $187.18 opening price.
• Philip Morris exceeded quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, up 10.4% year over year. The company also pays a $1.47 quarterly dividend, equivalent to a 3.1% annual yield.

Proficio Capital Partners LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,720 shares of the company's stock, valued at approximately $1,035,000.

A number of other hedge funds have also made changes to their positions in PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after buying an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International during the second quarter worth approximately $29,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Stifel Nicolaus raised 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. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Barclays boosted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Price Performance

PM stock opened at $187.18 on Wednesday. The company has a 50 day moving average price of $187.65 and a 200 day moving average price of $178.80. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market capitalization of $291.74 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.26 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for 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 business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts expect 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 declared 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 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is currently 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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