49 Wealth Management LLC Makes New $760,000 Investment in Philip Morris International Inc. $PM

49 Wealth Management LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,199 shares of the company’s stock, valued at approximately $760,000.

A number of other hedge funds have also made changes to their positions in the stock. AG Campbell Advisory LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $29,000. Vermillion Wealth Management Inc. grew its stake in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International in the second quarter worth $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $192.02 on Friday. The stock has a market capitalization of $299.28 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. The company’s 50 day simple moving average is $187.21 and its 200-day simple moving average is $178.79. Philip Morris International Inc. has a one year low of $142.11 and a one 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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $1.89 EPS. Philip Morris International’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. As a group, analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Stifel Nicolaus upped their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

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.