Philip Morris International Inc. $PM Position Raised by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Philip Morris International by 14.4%, owning a total of 28,972 shares valued at approximately $4.6 million.
• The company reported a quarterly earnings per share (EPS) of $1.91, exceeding analyst estimates, while its revenue reached $10.14 billion for the quarter.
• Several equities research firms have adjusted their price targets for Philip Morris International, with JPMorgan raising their target to $190 and Jefferies setting a new target of $220.

Focus Partners Advisor Solutions LLC increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,972 shares of the company's stock after purchasing an additional 3,645 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Philip Morris International were worth $4,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC grew its stake in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC grew its stake in Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after purchasing an additional 61 shares in the last quarter. NFP Retirement Inc. grew its stake in Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after purchasing an additional 62 shares in the last quarter. Capital Advisors Wealth Management LLC grew its stake in Philip Morris International by 2.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after purchasing an additional 63 shares in the last quarter. Finally, Renasant Bank grew its stake in Philip Morris International by 3.3% in the first quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after purchasing an additional 63 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays decreased their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Needham & Company LLC restated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Performance

Shares of PM traded up $0.46 during mid-day trading on Friday, reaching $161.61. 4,056,667 shares of the company's stock traded hands, compared to its average volume of 4,938,799. The business's 50-day moving average price is $170.22 and its 200-day moving average price is $167.24. The stock has a market capitalization of $251.57 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 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.