Curi RMB Capital LLC lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,712 shares of the company's stock after purchasing an additional 32,773 shares during the quarter. Curi RMB Capital LLC's holdings in Philip Morris International were worth $22,510,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International in the 1st quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Philip Morris International during the 1st quarter valued at $34,000. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Philip Morris International during the 1st quarter valued at $35,000. Finally, 1 North Wealth Services LLC purchased a new position in Philip Morris International during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.
Philip Morris International Stock Performance
NYSE:PM traded up $1.16 during mid-day trading on Tuesday, hitting $163.88. 1,410,871 shares of the company's stock traded hands, compared to its average volume of 5,998,356. The company has a fifty day moving average of $169.83 and a 200 day moving average of $167.53. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market capitalization of $255.09 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.34 and a beta of 0.49.
Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 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 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, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on PM. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Citigroup restated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, 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. Twelve 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, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $184.91.
Get Our Latest Stock Analysis on Philip Morris International
About Philip Morris International
(
Free Report)
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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