Ferguson Wellman Capital Management Inc. Purchases 15,029 Shares of Philip Morris International Inc. $PM

Key Points

• Ferguson Wellman Capital Management Inc. increased its holdings in Philip Morris International by 2.5%, purchasing an additional 15,029 shares, making it the firm's 14th largest holding.
• Analysts have set a new average target price of $184.91 for Philip Morris International, with most analysts rating the stock as a "Moderate Buy."
• Philip Morris International reported $10.14 billion in revenue for the quarter, which is a 7.1% increase year-over-year, alongside an earnings per share of $1.91, beating analysts' expectations.

Ferguson Wellman Capital Management Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 607,200 shares of the company's stock after purchasing an additional 15,029 shares during the quarter. Philip Morris International accounts for about 1.9% of Ferguson Wellman Capital Management Inc.'s investment portfolio, making the stock its 14th biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Philip Morris International were worth $110,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the first quarter worth $34,000. Pacifica Partners Inc. lifted its position in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the first quarter worth $35,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded up $1.08 during trading hours on Friday, hitting $162.84. 10,479,787 shares of the company were exchanged, compared to its average volume of 5,246,326. The firm has a market cap of $253.48 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a 50 day simple moving average of $167.26 and a two-hundred day simple moving average of $168.01.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. 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 dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is currently 102.66%.

Analysts Set New Price Targets

A number of analysts have recently commented on PM shares. KGI Securities started coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. UBS Group dropped 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 research report on Friday, September 5th. Barclays dropped their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target 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, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $184.91.

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.