Corient Private Wealth LP Reduces Stake in Philip Morris International Inc. $PM

Corient Private Wealth LP lowered its position in Philip Morris International Inc. (NYSE:PM) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 510,816 shares of the company’s stock after selling 54,079 shares during the period. Corient Private Wealth LP’s holdings in Philip Morris International were worth $92,420,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AG Campbell Advisory LLC purchased a new position in Philip Morris International in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $29,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.7%

Shares of Philip Morris International stock opened at $191.19 on Friday. The company has a market capitalization of $298.00 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.42 and a beta of 0.37. The stock’s 50-day simple moving average is $188.57 and its 200-day simple moving average is $178.91. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

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. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business posted $1.89 earnings per share. The firm’s revenue 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. On average, equities analysts expect that Philip Morris International Inc. will post 8.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PM. UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Needham & Company LLC raised their price objective 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. Barclays increased their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. 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, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.