Kovitz Investment Group Partners LLC Has $3.10 Million Holdings in Philip Morris International Inc. $PM

Kovitz Investment Group Partners LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 98.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,317 shares of the company’s stock after selling 1,159,733 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Philip Morris International were worth $3,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PM. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $26,000. Dogwood Wealth Management LLC increased its holdings in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $29,000. Finally, Entrust Financial LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PM. Morgan Stanley increased their price target on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Stifel Nicolaus decreased their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $178.68 on Friday. The company’s 50 day simple moving average is $174.79 and its 200 day simple moving average is $170.67. The stock has a market capitalization of $278.48 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International’s payout ratio is 82.70%.

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.