Farther Finance Advisors LLC Purchases 7,059 Shares of Philip Morris International Inc. $PM

Key Points

• Farther Finance Advisors LLC increased its stake in Philip Morris International Inc. by 26.5%, acquiring an additional 7,059 shares, bringing its total holdings to 33,724 shares valued at approximately $6.14 million.
• Several institutional investors, including Vanguard and Goldman Sachs, have also significantly increased their positions in Philip Morris, with 78.63% of the stock now owned by institutional investors.
• Philip Morris announced a quarterly dividend increase, raising it from $1.35 to $1.47, representing a 3.6% yield, with a payout ratio of 102.66%.

Farther Finance Advisors LLC increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 26.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,724 shares of the company's stock after purchasing an additional 7,059 shares during the period. Farther Finance Advisors LLC's holdings in Philip Morris International were worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after purchasing an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP lifted its position in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Nuveen LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $1,712,994,000. Goldman Sachs Group Inc. lifted its position in Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after acquiring an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays decreased their price objective on shares of 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. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $162.84 on Friday. The company has a 50-day simple moving average of $167.26 and a two-hundred day simple moving average of $168.01. The stock has a market capitalization of $253.48 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. 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%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is presently 102.66%.

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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