5,726 Shares in Philip Morris International Inc. $PM Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,726 shares of the company’s stock, valued at approximately $1,044,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Madison Wealth Partners Inc purchased a new stake in shares of Philip Morris International in the second quarter valued at about $256,000. Varma Mutual Pension Insurance Co purchased a new position in shares of Philip Morris International during the second quarter worth about $43,925,000. X Square Capital LLC acquired a new position in Philip Morris International in the 2nd quarter valued at about $3,331,000. Westpac Banking Corp acquired a new position in Philip Morris International in the 2nd quarter valued at about $283,000. Finally, TRB Wealth Management LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at approximately $1,252,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

Shares of PM opened at $188.14 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock’s 50 day moving average is $186.03 and its two-hundred day moving average is $178.35. The firm has a market capitalization of $293.24 billion, a PE ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays increased their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group increased their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC lifted 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. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price 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.