NewEdge Wealth LLC Buys 6,439 Shares of Philip Morris International Inc. $PM

NewEdge Wealth LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 12.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,142 shares of the company’s stock after purchasing an additional 6,439 shares during the quarter. NewEdge Wealth LLC’s holdings in Philip Morris International were worth $8,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Philip Morris International by 0.4% in the third quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company’s stock valued at $23,270,582,000 after acquiring an additional 611,393 shares during the period. State Street Corp grew its position in Philip Morris International by 1.6% in the 2nd quarter. State Street Corp now owns 55,831,655 shares of the company’s stock valued at $10,243,429,000 after purchasing an additional 871,165 shares during the period. Geode Capital Management LLC increased its stake in Philip Morris International by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after purchasing an additional 672,983 shares in the last quarter. Fayez Sarofim & Co lifted its stake in shares of Philip Morris International by 7.9% in the second quarter. Fayez Sarofim & Co now owns 10,676,908 shares of the company’s stock valued at $1,944,585,000 after buying an additional 782,536 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Philip Morris International by 7.2% in the second quarter. Legal & General Group Plc now owns 7,534,710 shares of the company’s stock valued at $1,372,297,000 after buying an additional 508,394 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a report on Monday, February 9th. UBS Group restated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. Finally, Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Eleven investment 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 has a consensus rating of “Moderate Buy” and an average target price of $194.06.

Philip Morris International Stock Performance

NYSE PM opened at $183.71 on Friday. The company has a market capitalization of $285.98 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.08 and a beta of 0.39. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $190.98. The company has a 50-day simple moving average of $170.13 and a 200 day simple moving average of $162.95.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.70. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 80.88%.

Philip Morris International Company 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.