Wealthcare Advisory Partners LLC Sells 5,838 Shares of Philip Morris International Inc. $PM

Wealthcare Advisory Partners LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 34.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,259 shares of the company's stock after selling 5,838 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Philip Morris International were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors boosted its position in shares of 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 valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Capital World Investors grew its stake 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 valued at $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. Bank of America Corp DE grew its stake in Philip Morris International by 12.0% during 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 acquiring an additional 1,847,421 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock worth $23,300,088,000 after acquiring an additional 1,793,949 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.1%

PM opened at $186.11 on Thursday. The business's fifty day simple moving average is $184.72 and its 200 day simple moving average is $177.80. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market cap of $290.07 billion, a PE ratio of 26.74, a P/E/G ratio of 2.25 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results 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. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company's revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given 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 3.2%. Philip Morris International's payout ratio is presently 84.48%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Citigroup boosted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Bank of America reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. 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 note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report 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's stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $205.89.

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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