Diversify Advisory Services LLC Makes New Investment in Philip Morris International Inc. $PM

Diversify Advisory Services LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 76,367 shares of the company’s stock, valued at approximately $14,942,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Resurgent Financial Advisors LLC raised its position in shares of Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in Philip Morris International by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after acquiring an additional 58 shares during the period. Platt Wealth Management LLC grew its stake in Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after purchasing an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its holdings in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several research reports. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Needham & Company LLC boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Trading 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 twelve month low of $142.11 and a twelve month high of $207.76. The company’s 50-day moving average price is $185.74 and its 200-day moving average price is $178.21.

Philip Morris International (NYSE:PM) last released 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. 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 during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. Philip Morris International’s quarterly revenue 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. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

About Philip Morris International

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.