Apexium Financial LP Raises Stock Position in Philip Morris International Inc. $PM

Key Points

• Apexium Financial LP has increased its stake in Philip Morris International Inc. by 90.4%, now holding shares worth $1.34 million.
• Multiple institutional investors, including Freedom Investment Management and ICONIQ Capital, have also recently adjusted their holdings in Philip Morris, reflecting strong institutional interest with 78.63% of the stock owned by such investors.
• Analysts have mixed projections for the company, with a general consensus rating of "Moderate Buy" and a revised average target price of $186.27 per share.

Apexium Financial LP grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 90.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,395 shares of the company's stock after acquiring an additional 3,986 shares during the period. Apexium Financial LP's holdings in Philip Morris International were worth $1,342,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Linscomb Wealth Inc. raised its position in Philip Morris International by 3.3% in the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after acquiring an additional 2,669 shares during the period. Mackenzie Financial Corp raised its position in Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after acquiring an additional 242,799 shares during the period. 49 Wealth Management LLC increased its stake in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after purchasing an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO increased its stake in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after purchasing an additional 125,171 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after purchasing an additional 87,631 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. 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 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Trading Down 1.5%

PM traded down $2.53 during trading on Wednesday, hitting $164.15. 5,162,677 shares of the company traded hands, compared to its average volume of 5,246,760. The company has a market cap of $255.51 billion, a PE ratio of 31.21, a P/E/G ratio of 2.42 and a beta of 0.48. The stock's 50-day simple moving average is $173.05 and its two-hundred day simple moving average is $166.50. 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 posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Philip Morris International Profile

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.