Ascent Group LLC Increases Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Ascent Group LLC increased its stock holdings in Philip Morris International Inc. by 6.9% during the second quarter, bringing its total ownership to 79,754 shares valued at approximately $14.5 million.
• In the first quarter, various institutional investors also significantly raised their stakes in Philip Morris, with Cortland Associates Inc. increasing their position by 704%.
• The company declared a quarterly dividend of $1.47 per share, marking an increase from the previous dividend of $1.35, and has set its Q3 2025 EPS guidance between 2.080 and 2.130.

Ascent Group LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,754 shares of the company's stock after purchasing an additional 5,128 shares during the period. Ascent Group LLC's holdings in Philip Morris International were worth $14,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Linscomb Wealth Inc. grew its position in Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after acquiring an additional 2,669 shares during the period. Mackenzie Financial Corp grew its position in Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after acquiring an additional 242,799 shares during the period. 49 Wealth Management LLC grew its position in Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares during the period. Cortland Associates Inc. MO grew its position in Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after acquiring an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after acquiring an additional 87,631 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE:PM opened at $153.09 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The business's 50-day simple moving average is $164.82 and its 200 day simple moving average is $168.54. The stock has a market cap of $238.30 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS 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. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International's payout ratio is presently 102.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Barclays decreased their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $195.44.

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.

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