Chapin Davis Inc. Raises Position in Philip Morris International Inc. $PM

Key Points

• Chapin Davis Inc. increased its stake in Philip Morris International by 52.2%, owning 35,447 shares valued at approximately $6.46 million as of the latest SEC filing.
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, reflecting a 3.6% yield, with a dividend payout ratio of 111.79%.
• Analysts are optimistic about Philip Morris International, with a consensus average rating of "Moderate Buy" and a price target of $184.91.

Chapin Davis Inc. lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 52.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,447 shares of the company's stock after buying an additional 12,151 shares during the period. Philip Morris International comprises about 1.8% of Chapin Davis Inc.'s investment portfolio, making the stock its 12th largest holding. Chapin Davis Inc.'s holdings in Philip Morris International were worth $6,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Philip Morris International by 16.7% in the 2nd quarter. GAMMA Investing LLC now owns 32,994 shares of the company's stock valued at $6,009,000 after acquiring an additional 4,726 shares in the last quarter. Iams Wealth Management LLC acquired a new position in Philip Morris International in the 2nd quarter valued at $210,000. U.S. Capital Wealth Advisors LLC raised its holdings in Philip Morris International by 59.8% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 65,418 shares of the company's stock valued at $11,915,000 after acquiring an additional 24,485 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Philip Morris International by 2.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 9,200 shares of the company's stock valued at $1,676,000 after acquiring an additional 200 shares in the last quarter. Finally, Lewis Asset Management LLC raised its holdings in Philip Morris International by 120.6% in the 2nd quarter. Lewis Asset Management LLC now owns 5,703 shares of the company's stock valued at $1,039,000 after acquiring an additional 3,118 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.61 during mid-day trading on Monday, reaching $162.34. 5,735,002 shares of the company's stock traded hands, compared to its average volume of 5,532,723. The firm has a market capitalization of $252.69 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The firm has a 50 day moving average price of $166.89 and a two-hundred day moving average price of $168.19. 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 given a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve investment 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 company has an average rating of "Moderate Buy" and an average target price 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.