NewEdge Advisors LLC Has $91.20 Million Stake in Philip Morris International Inc. $PM

NewEdge Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,103 shares of the company’s stock after acquiring an additional 18,912 shares during the quarter. NewEdge Advisors LLC’s holdings in Philip Morris International were worth $91,197,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

PM has been the topic of several research reports. Needham & Company LLC boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Citigroup boosted their target price 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. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

Shares of PM opened at $184.94 on Wednesday. The firm has a market cap of $288.25 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The business’s 50 day moving average price is $188.09 and its two-hundred day moving average price is $178.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.