Elevation Point Wealth Partners LLC Has $7.45 Million Position in Philip Morris International Inc. $PM

by · The Markets Daily

Elevation Point Wealth Partners LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 258.4% during the 1st quarter, HoldingsChannel reports. The firm owned 44,913 shares of the company’s stock after acquiring an additional 32,382 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Philip Morris International were worth $7,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PM. Resurgent Financial Advisors LLC lifted its stake in Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after buying an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC increased its holdings in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Aristotle Capital Management LLC increased its holdings in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after buying an additional 58 shares in the last quarter. Finally, Tranquility Partners LLC lifted its stake in shares of Philip Morris International by 2.4% in the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after acquiring an additional 59 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PM shares. Stifel Nicolaus cut their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their price target on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $194.62.

Check Out Our Latest Research Report on PM

Philip Morris International Price Performance

Philip Morris International stock opened at $182.52 on Friday. The stock’s 50 day moving average is $178.56 and its 200 day moving average is $172.60. The firm has a market cap of $284.47 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.07 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05.

Philip Morris International (NYSE:PM – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the prior year, the firm posted $1.69 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. 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. Equities analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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 is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is 82.70%.

Philip Morris International Company Profile

(Free Report)

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.

Further Reading

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