Assetmark Inc. Boosts Holdings in Philip Morris International Inc. $PM

Assetmark Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 12.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 709,810 shares of the company’s stock after acquiring an additional 79,227 shares during the period. Assetmark Inc.’s holdings in Philip Morris International were worth $117,360,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International during the fourth quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth approximately $26,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after acquiring an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Philip Morris International in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $189.85 on Friday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The company has a market cap of $295.89 billion, a P/E ratio of 26.70, a PEG ratio of 2.13 and a beta of 0.38. The firm has a fifty day moving average of $181.93 and a two-hundred day moving average of $174.25.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. 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. As a group, equities analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is currently 82.70%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus reduced their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group raised their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.62.

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.