Corient Private Wealth LP Buys Shares of 596,343 Philip Morris International Inc. $PM

Corient Private Wealth LP bought a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 596,343 shares of the company’s stock, valued at approximately $103,392,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International during the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. lifted its stake in Philip Morris International by 146.5% during 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 last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International during the second quarter worth $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $29,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PM shares. Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Citigroup raised their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, 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 report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

NYSE PM opened at $193.94 on Thursday. The firm’s fifty day moving average price is $186.71 and its two-hundred day moving average price is $178.64. The stock has a market cap of $302.28 billion, a PE ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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 negative return on equity of 163.41% and a net margin of 11.06%.The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company earned $1.89 EPS. Philip Morris International’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, sell-side analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced 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 was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

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.