Baron Wealth Management LLC Purchases New Position in Philip Morris International Inc. $PM

Key Points

• Baron Wealth Management LLC has acquired a new stake of 1,764 shares in Philip Morris International Inc., worth approximately $321,000, during the second quarter.
• During the first quarter, other institutional investors such as Linscomb Wealth Inc. and Mackenzie Financial Corp significantly increased their positions in Philip Morris International, indicating growing confidence among hedge funds in the company.
• Philip Morris reported earnings of $1.91 per share for the last quarter, exceeding estimates, although its revenue fell short of expectations at $10.14 billion.

Baron Wealth Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,764 shares of the company's stock, valued at approximately $321,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the period. Twinbeech Capital LP bought a new position in shares of Philip Morris International in the 4th quarter valued at about $2,706,000. Vivaldi Capital Management LP grew its position in shares of Philip Morris International by 6.8% during the 4th quarter. Vivaldi Capital Management LP now owns 1,883 shares of the company's stock worth $246,000 after buying an additional 120 shares during the period. Finally, Vident Advisory LLC raised its stake in shares of Philip Morris International by 8.7% during the fourth quarter. Vident Advisory LLC now owns 25,898 shares of the company's stock worth $3,117,000 after buying an additional 2,071 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE PM traded up $1.08 on Friday, reaching $162.84. The company had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The company's fifty day moving average is $167.26 and its 200-day moving average is $167.91. The firm has a market capitalization of $253.48 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49. 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. Philip Morris International's revenue for the quarter 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, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business 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 dividend of $1.47 per share. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. Philip Morris International's payout ratio is presently 102.66%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays dropped their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group decreased their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Company 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.