Oppenheimer Asset Management Inc. Sells 8,337 Shares of Philip Morris International Inc. $PM

Oppenheimer Asset Management Inc. lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,006 shares of the company’s stock after selling 8,337 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Philip Morris International were worth $35,098,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC increased its stake in Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after buying an additional 19,309 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after acquiring an additional 7,600 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Addison Capital Co boosted its stake in shares of Philip Morris International by 32.5% in the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after acquiring an additional 7,793 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Philip Morris International by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 170,341 shares of the company’s stock worth $27,323,000 after purchasing an additional 9,293 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

PM stock opened at $190.40 on Friday. The firm has a fifty day moving average price of $185.23 and a 200 day moving average price of $178.00. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm has a market cap of $296.76 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion for 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%. Philip Morris International’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders 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 dividend yield of 3.1%. Philip Morris International’s payout ratio is 84.48%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PM shares. Stifel Nicolaus lifted 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.89.

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.