Belpointe Asset Management LLC Increases Stock Position in Philip Morris International Inc. $PM

Key Points

• Belpointe Asset Management LLC increased its stake in Philip Morris International by 34.6% during the 1st quarter, acquiring an additional 5,504 shares, bringing its total to 21,394 shares valued at approximately $3.4 million.
• Philip Morris International reported $1.91 EPS for the last quarter, exceeding the consensus estimate of $1.86, while its revenue of $10.14 billion was slightly below expectations.
• The company declared a quarterly dividend of $1.35 per share, representing an annualized dividend of $5.40 and a 3.3% dividend yield.

Belpointe Asset Management LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 34.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,394 shares of the company's stock after purchasing an additional 5,504 shares during the period. Belpointe Asset Management LLC's holdings in Philip Morris International were worth $3,396,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Focus Partners Wealth boosted its stake in Philip Morris International by 6.6% in the first quarter. Focus Partners Wealth now owns 328,232 shares of the company's stock valued at $52,134,000 after acquiring an additional 20,450 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $759,000. Glenview Trust co lifted its stake in Philip Morris International by 0.4% in the first quarter. Glenview Trust co now owns 74,354 shares of the company's stock valued at $11,802,000 after purchasing an additional 264 shares during the last quarter. SageView Advisory Group LLC grew its holdings in Philip Morris International by 12.2% during the first quarter. SageView Advisory Group LLC now owns 24,615 shares of the company's stock valued at $3,907,000 after purchasing an additional 2,676 shares during the period. Finally, Advisory Alpha LLC increased its position in Philip Morris International by 36.3% in the first quarter. Advisory Alpha LLC now owns 6,349 shares of the company's stock worth $1,008,000 after buying an additional 1,691 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 1.0%

Shares of PM stock traded down $1.72 during trading hours on Friday, reaching $166.18. The stock had a trading volume of 3,691,351 shares, compared to its average volume of 4,931,464. The stock's fifty day simple moving average is $168.89 and its 200 day simple moving average is $167.64. The firm has a market capitalization of $258.67 billion, a PE ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the company posted $1.59 EPS. The business'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. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.