Gateway Wealth Partners LLC Sells 5,187 Shares of Philip Morris International Inc. $PM

Gateway Wealth Partners LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 35.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,488 shares of the company’s stock after selling 5,187 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Philip Morris International were worth $1,717,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its holdings in shares of Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after purchasing an additional 19,309 shares in the last quarter. New York Life Investment Management LLC raised its stake in Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Brighton Jones LLC lifted its position in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Addison Capital Co lifted its position in Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after purchasing an additional 7,793 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Philip Morris International by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 170,341 shares of the company’s stock valued at $27,323,000 after purchasing an additional 9,293 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PM. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Ten equities 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $190.40 on Friday. The company has a market capitalization of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.30 and a beta of 0.38. The business has a 50 day moving average of $185.23 and a 200 day moving average of $178.00. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

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

Philip Morris International Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

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.