Simplicity Wealth LLC Has $3.27 Million Stake in Philip Morris International Inc. $PM

Simplicity Wealth LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 41.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,065 shares of the company’s stock after purchasing an additional 5,261 shares during the period. Simplicity Wealth LLC’s holdings in Philip Morris International were worth $3,268,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International during the second quarter valued at $29,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. lifted its stake in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $28,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.8%

PM stock opened at $187.77 on Wednesday. The firm has a 50 day moving average of $185.60 and a two-hundred day moving average of $178.12. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The company has a market capitalization of $292.66 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is currently 84.48%.

Analyst Upgrades and Downgrades

PM has been the topic of several research analyst reports. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC raised their price target on shares of 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 boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of 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, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

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.