Alliance Wealth Advisors LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 19.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,848 shares of the company's stock after selling 1,893 shares during the period. Philip Morris International comprises about 0.7% of Alliance Wealth Advisors LLC's investment portfolio, making the stock its 21st biggest holding. Alliance Wealth Advisors LLC's holdings in Philip Morris International were worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares in the last quarter. Mirador Capital Partners LP bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $222,000. 180 Wealth Advisors LLC acquired a new position in Philip Morris International in the first quarter worth approximately $643,000. Finally, Baker Tilly Wealth Management LLC raised its position in Philip Morris International by 5.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 4,055 shares of the company's stock valued at $644,000 after acquiring an additional 225 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Philip Morris International Price Performance
Shares of PM opened at $162.84 on Tuesday. The company has a market capitalization of $253.48 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company's fifty day moving average price is $165.19 and its 200 day moving average price is $168.63.
Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.
Analyst Upgrades and Downgrades
PM has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Barclays reduced their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. raised their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $189.40.
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About Philip Morris International
(
Free Report)
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.
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