CoreCap Advisors LLC Buys 4,362 Shares of Philip Morris International Inc. $PM

CoreCap Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,968 shares of the company’s stock after purchasing an additional 4,362 shares during the period. CoreCap Advisors LLC’s holdings in Philip Morris International were worth $9,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PM. Pacific Excel Wealth Advisors Inc. lifted its position in shares of Philip Morris International by 231.6% during the second quarter. Pacific Excel Wealth Advisors Inc. now owns 5,860 shares of the company’s stock valued at $1,060,000 after buying an additional 4,093 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Philip Morris International by 6.3% in the 2nd quarter. Howard Financial Services LTD. now owns 5,800 shares of the company’s stock worth $1,049,000 after buying an additional 344 shares during the last quarter. Hobart Private Capital LLC grew its position in shares of Philip Morris International by 23.1% in the 2nd quarter. Hobart Private Capital LLC now owns 2,037 shares of the company’s stock worth $369,000 after buying an additional 382 shares during the last quarter. Stableford Capital II LLC raised its stake in shares of Philip Morris International by 0.9% during the 2nd quarter. Stableford Capital II LLC now owns 7,692 shares of the company’s stock worth $1,392,000 after acquiring an additional 69 shares in the last quarter. Finally, Private Client Services LLC raised its stake in shares of Philip Morris International by 6.0% during the 2nd quarter. Private Client Services LLC now owns 3,483 shares of the company’s stock worth $630,000 after acquiring an additional 196 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PM shares. Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Needham & Company LLC upped their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup increased their price objective on 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 raised their price objective 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. Finally, 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 report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Down 0.4%

Philip Morris International stock opened at $186.70 on Wednesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a market capitalization of $290.99 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.26 and a beta of 0.38. The stock has a 50-day moving average price of $183.44 and a 200 day moving average price of $177.11.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $1.89 EPS. Philip Morris International’s quarterly 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. Research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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