OneAscent Financial Services LLC Buys Shares of 4,530 Philip Morris International Inc. $PM

OneAscent Financial Services LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, HoldingsChannel.com reports. The fund bought 4,530 shares of the company’s stock, valued at approximately $820,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PM. AG Campbell Advisory LLC purchased a new position in Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. increased its stake in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Philip Morris International in the second quarter worth $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $191.85 on Friday. The stock has a market cap of $299.02 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.38. The firm’s 50-day moving average is $185.96 and its two-hundred day moving average is $178.30. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate 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 business 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 business posted $1.89 EPS. The company’s quarterly 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. On average, equities analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Morgan Stanley lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Citigroup boosted their price objective 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. Finally, BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.