Callan Family Office LLC Has $14.94 Million Stock Position in Philip Morris International Inc. $PM

Key Points

• Callan Family Office LLC increased its stock position in Philip Morris International Inc. by 121.2% in the second quarter, holding a total of 82,051 shares valued at approximately $14.94 million.
• Philip Morris International announced a quarterly dividend increase to $1.47, up from $1.35, with a current dividend yield of 3.8%.
• The company reported $1.91 EPS for the latest quarter, exceeding analyst estimates, while its revenue reached $10.14 billion, which was slightly below expectations.

Callan Family Office LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 121.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 82,051 shares of the company's stock after buying an additional 44,960 shares during the period. Callan Family Office LLC's holdings in Philip Morris International were worth $14,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Abound Wealth Management boosted its position in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International in the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International in the 1st quarter worth $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 1st quarter worth $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $156.80 on Friday. The firm has a market cap of $244.07 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 2.25 and a beta of 0.46. The stock's 50-day moving average is $164.29 and its 200-day moving average is $168.62. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be given a $1.47 dividend. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

Analyst Ratings Changes

Several research analysts have recently issued reports on PM shares. Jefferies Financial Group started coverage on 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. Barclays reduced their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. UBS Group reduced their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday. Finally, Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. 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, the company has an average rating of "Moderate Buy" and a consensus price target 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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