Corient Private Wealth LP Invests $103.39 Million in Philip Morris International Inc. $PM

Corient Private Wealth LP bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 596,343 shares of the company’s stock, valued at approximately $103,392,000.

Other hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth about $8,220,008,000. Bank of America Corp DE bought a new stake in shares of Philip Morris International during the 2nd quarter worth about $3,075,267,000. Capital International Investors grew its stake in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Capital Research Global Investors grew its stake in Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Philip Morris International in the 2nd quarter valued at about $1,316,151,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PM. Citigroup raised their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the company 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. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Stock Up 0.0%

NYSE PM opened at $193.94 on Thursday. The company has a market capitalization of $302.28 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a 50-day moving average price of $186.71 and a two-hundred day moving average price of $178.64.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm earned $1.89 earnings per share. The business’s revenue for the quarter 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. Equities analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 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.