Kovitz Investment Group Partners LLC Purchases 6,417 Shares of Philip Morris International Inc. $PM

Kovitz Investment Group Partners LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,179,050 shares of the company’s stock after acquiring an additional 6,417 shares during the quarter. Philip Morris International comprises 0.7% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 26th biggest position. Kovitz Investment Group Partners LLC’s holdings in Philip Morris International were worth $191,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares during the last quarter. Strategic Blueprint LLC grew its position in Philip Morris International by 4.2% in the second quarter. Strategic Blueprint LLC now owns 8,452 shares of the company’s stock worth $1,539,000 after acquiring an additional 342 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Philip Morris International by 25,466.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 767 shares of the company’s stock worth $140,000 after acquiring an additional 764 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Barclays decreased their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. JPMorgan Chase & Co. lowered their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Stifel Nicolaus set a $200.00 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Finally, Needham & Company LLC increased their target price on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.06.

Philip Morris International Stock Down 0.1%

PM opened at $183.35 on Friday. The business has a fifty day moving average of $170.72 and a 200 day moving average of $163.09. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $190.98. The stock has a market cap of $285.41 billion, a P/E ratio of 25.22, a PEG ratio of 2.09 and a beta of 0.39.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

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.