Modera Wealth Management LLC Has $3.16 Million Holdings in Philip Morris International Inc. $PM

Modera Wealth Management LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 21.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,089 shares of the company’s stock after selling 5,086 shares during the quarter. Modera Wealth Management LLC’s holdings in Philip Morris International were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC increased its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares during the period. Sivia Capital Partners LLC raised its position in Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,970 shares during the last quarter. Jump Financial LLC acquired a new position in Philip Morris International during the 2nd quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. lifted its holdings in Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after buying an additional 342 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.5%

Shares of PM stock opened at $192.72 on Friday. The firm has a 50 day moving average of $182.37 and a 200-day moving average of $174.38. The company has a market cap of $300.37 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $194.62.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that Philip Morris International Inc. will post 8.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is 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 82.70%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Stifel Nicolaus decreased their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten equities 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 currently has an average rating of “Moderate Buy” and an average target price of $194.62.

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.