Elevation Point Wealth Partners LLC Makes New Investment in Philip Morris International Inc. $PM

Elevation Point Wealth Partners LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,673 shares of the company’s stock, valued at approximately $10,288,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. GQG Partners LLC bought a new stake in shares of Philip Morris International in the second quarter worth $8,220,008,000. Capital International Investors raised its holdings in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors boosted its stake in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. Capital World Investors grew its holdings in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after acquiring an additional 2,755,662 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Philip Morris International stock opened at $188.14 on Friday. The company has a market cap of $293.24 billion, a PE ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38. The company has a fifty day moving average price of $186.03 and a two-hundred day moving average price of $178.36. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company earned $1.89 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio is 84.48%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Citigroup boosted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

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.