Oliver Luxxe Assets LLC Acquires 11,751 Shares of Philip Morris International Inc. $PM

Oliver Luxxe Assets LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 16.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,152 shares of the company’s stock after purchasing an additional 11,751 shares during the period. Philip Morris International accounts for about 2.2% of Oliver Luxxe Assets LLC’s holdings, making the stock its 2nd biggest position. Oliver Luxxe Assets LLC’s holdings in Philip Morris International were worth $15,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PM. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,970 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Philip Morris International during the second quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock valued at $65,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PM shares. Barclays lifted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus increased their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Up 0.8%

Shares of PM opened at $189.65 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The company’s fifty day moving average is $184.01 and its two-hundred day moving average is $177.42. The firm has a market cap of $295.58 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm posted $1.89 EPS. 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. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

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