SHP Wealth Management Takes $1.07 Million Position in Philip Morris International Inc. $PM

Key Points

• SHP Wealth Management opened a new position in Philip Morris International, buying 6,669 shares valued at about $1.07 million in the fourth quarter.
• Institutional interest remains strong, with 78.63% of Philip Morris shares held by hedge funds and other institutional investors.
• Wall Street remains constructive on PM: analysts give it a Moderate Buy consensus with a $192.88 price target, while the stock also offers a 3.3% dividend yield after its latest quarterly payout announcement.

SHP Wealth Management purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,669 shares of the company's stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after buying an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new position in Philip Morris International during the second quarter valued at approximately $2,454,000. Finally, Osterweis Capital Management Inc. grew its position in Philip Morris International by 2,280.0% during 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 during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $200.00 price objective on shares of Philip Morris International in a report on Thursday, April 23rd. Morgan Stanley increased their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Barclays reiterated an "overweight" rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Bank of America reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.88.

Philip Morris International Stock Up 0.2%

Shares of PM opened at $178.68 on Friday. The stock has a market capitalization of $278.48 billion, a P/E ratio of 25.13, a PEG ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The firm has a fifty day simple moving average of $174.79 and a two-hundred day simple moving average of $170.67.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International's payout ratio is currently 82.70%.

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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