Coastal Bridge Advisors LLC Makes New $3.30 Million Investment in Philip Morris International Inc. $PM

Coastal Bridge Advisors LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,232 shares of the company’s stock, valued at approximately $3,298,000.

Several other large investors have also modified their holdings of the stock. Resurgent Financial Advisors LLC increased its position in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after buying an additional 56 shares during the period. Outlook Wealth Advisors LLC grew its stake in shares of Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after buying an additional 58 shares during the period. Platt Wealth Management LLC increased its holdings in shares of Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after buying an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its position in shares of Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after buying an additional 58 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.8%

Shares of NYSE:PM opened at $190.52 on Friday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The company has a 50 day moving average of $186.94 and a two-hundred day moving average of $178.69. The company has a market capitalization of $296.94 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s payout ratio is currently 84.48%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. BTIG Research set a $221.00 price target on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup lifted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group raised their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Bank of America reissued 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.89.

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.