Wealthcare Advisory Partners LLC Cuts Stock Holdings in Philip Morris International Inc. $PM

Wealthcare Advisory Partners LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 34.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,259 shares of the company’s stock after selling 5,838 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Philip Morris International were worth $2,037,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Financial Management Professionals Inc. boosted its holdings in Philip Morris International by 5.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,377 shares of the company’s stock valued at $798,000 after acquiring an additional 243 shares during the period. Shrier Wealth Management LLC increased its stake in Philip Morris International by 0.7% in the 2nd quarter. Shrier Wealth Management LLC now owns 18,107 shares of the company’s stock worth $3,276,000 after purchasing an additional 124 shares during the period. Revolve Wealth Partners LLC increased its stake in Philip Morris International by 5.9% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,659 shares of the company’s stock worth $481,000 after purchasing an additional 149 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in Philip Morris International by 156.7% in the second quarter. Key Client Fiduciary Advisors LLC now owns 3,286 shares of the company’s stock valued at $594,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Finivi Inc. lifted its position in Philip Morris International by 67.2% in the second quarter. Finivi Inc. now owns 15,022 shares of the company’s stock valued at $2,718,000 after purchasing an additional 6,037 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $186.11 on Thursday. The firm has a market cap of $290.07 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.25 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. The business’s 50 day moving average price is $184.72 and its 200-day moving average price is $177.80.

Philip Morris International (NYSE:PM) last announced its 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 the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The firm’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 analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Morgan Stanley upped their price target 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. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group raised their price target 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. Finally, Needham & Company LLC boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.