Chatham Capital Group Inc. Makes New Investment in Philip Morris International Inc. $PM

Key Points

• Chatham Capital Group Inc. acquired a new stake in Philip Morris International Inc., purchasing 1,826 shares valued at approximately $333,000 during the second quarter.
• Philip Morris International has announced an increase in its quarterly dividend to $1.47 per share, up from $1.35, representing an annualized dividend yield of 3.6%.
• The company's recent quarterly earnings showed an EPS of $1.91, beating expectations, with a revenue of $10.14 billion, reflecting a 7.1% year-over-year increase.

Chatham Capital Group Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,826 shares of the company's stock, valued at approximately $333,000.

A number of other hedge funds also recently bought and sold shares of the business. Abound Wealth Management increased its stake in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International during the first quarter worth $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the first quarter worth about $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 0.4%

Shares of NYSE:PM opened at $164.70 on Monday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm's 50 day moving average price is $165.55 and its 200 day moving average price is $168.55. The stock has a market cap of $256.37 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating 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 the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $1.59 EPS. The company's quarterly 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 analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is a boost 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 dividend payout ratio is 102.66%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Barclays dropped their target price 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. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group dropped their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $189.40.

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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