1,700 Shares in Philip Morris International Inc. $PM Purchased by Total Wealth Planning LLC

Key Points

• Total Wealth Planning LLC acquired 1,700 shares of Philip Morris International Inc., valued at approximately $310,000, indicating growing interest from institutional investors in the company's stock.
• Philip Morris recently increased its quarterly dividend to $1.47 per share, which represents a yield of 3.6% and shows the company's commitment to returning value to shareholders.
• Analysts currently have a consensus rating of "Moderate Buy" for Philip Morris International, with a price target averaging $184.91, reflecting positive sentiment on the stock's future performance.

Total Wealth Planning LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,700 shares of the company's stock, valued at approximately $310,000.

Several other large investors have also modified their holdings of PM. Abound Wealth Management lifted its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC raised its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International in the first quarter worth $34,000. Finally, Pacifica Partners Inc. raised its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. UBS Group reduced their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Price Performance

NYSE:PM opened at $163.21 on Thursday. The firm has a market cap of $254.04 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. The company has a 50 day moving average price of $166.14 and a 200-day moving average price of $168.13. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.