Good Steward Wealth Advisors LLC Lowers Holdings in Philip Morris International Inc. $PM

Key Points

• Good Steward Wealth Advisors LLC has significantly reduced its stake in Philip Morris International Inc. by 45.8%, selling 2,473 shares and holding 2,921 shares valued at approximately $532,000 at the end of Q2.
• Several institutional investors have also adjusted their stakes, with holdings in Philip Morris International now comprising 78.63% of the company's stock.
• The consensus rating for Philip Morris International's stock is a "Moderate Buy", with a current average price target of $184.91 from analysts.

Good Steward Wealth Advisors LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 45.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,921 shares of the company's stock after selling 2,473 shares during the period. Good Steward Wealth Advisors LLC's holdings in Philip Morris International were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PM. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Philip Morris International by 13.2% in the 4th quarter. ProShare Advisors LLC now owns 222,094 shares of the company's stock worth $26,729,000 after acquiring an additional 25,859 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Philip Morris International in the 4th quarter worth about $529,000. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Philip Morris International by 0.3% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 54,199 shares of the company's stock worth $6,523,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PM. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. JPMorgan Chase & Co. upped their target price 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. Bank of America upped their target price 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. Needham & Company LLC restated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, UBS Group lowered their target price 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. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $1.05 on Friday, reaching $162.81. 3,725,411 shares of the company traded hands, compared to its average volume of 5,966,727. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a 50 day moving average of $167.59 and a 200 day moving average of $167.85. The firm has a market capitalization of $253.43 billion, a PE ratio of 30.94, a PEG ratio of 2.41 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its 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 firm had revenue of $10.14 billion during 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 revenue was up 7.1% compared to the same quarter last year. During the same period in the prior 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, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.6%. 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.