Assetmark Inc. Boosts Stake in Philip Morris International Inc. $PM

Assetmark Inc. raised its stake in Philip Morris International Inc. (NYSE:PM) by 27.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 515,965 shares of the company’s stock after buying an additional 111,201 shares during the quarter. Assetmark Inc.’s holdings in Philip Morris International were worth $83,689,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International during the 2nd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC lifted its stake in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Briaud Financial Planning Inc boosted its position in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Finally, Estabrook Capital Management acquired a new stake in shares of Philip Morris International in the second quarter valued at $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PM. Needham & Company LLC increased their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus set a $200.00 price objective on shares of Philip Morris International in a report on Monday. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, JPMorgan Chase & Co. cut their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.06.

Philip Morris International Stock Performance

PM opened at $188.77 on Friday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $190.98. The stock has a market capitalization of $293.86 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. The business’s 50-day simple moving average is $166.55 and its 200-day simple moving average is $162.14.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is presently 80.88%.

Philip Morris International Company 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.