Dynamic Advisor Solutions LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 23,124 shares of the company's stock after purchasing an additional 1,900 shares during the period. Dynamic Advisor Solutions LLC's holdings in Philip Morris International were worth $4,212,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Philip Morris International in the 1st quarter worth approximately $1,712,994,000. Wellington Management Group LLP boosted its stake in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after buying an additional 4,563,632 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after buying an additional 4,464,590 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after buying an additional 1,635,636 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Barclays cut their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group lowered their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $184.91.
Read Our Latest Stock Report on Philip Morris International
Philip Morris International Price Performance
NYSE PM traded up $1.08 during trading on Friday, hitting $162.84. 10,479,787 shares of the company's stock traded hands, compared to its average volume of 5,246,326. The stock has a fifty day moving average of $167.26 and a two-hundred day moving average of $167.91. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market cap of $253.48 billion, a P/E ratio of 30.96, a PEG ratio of 2.35 and a beta of 0.49.
Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly 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. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is currently 102.66%.
Philip Morris International Company Profile
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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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