Hilltop National Bank Acquires New Holdings in Philip Morris International Inc. $PM

Key Points

• Hilltop National Bank recently acquired a new stake in Philip Morris International, purchasing 3,004 shares valued at approximately $547,000 in the second quarter.
• Philip Morris International has announced an increase in its quarterly dividend to $1.47, up from $1.35, reflecting a 3.8% yield. The ex-dividend date is set for October 3rd.
• Analysts maintain a strong outlook for Philip Morris International, with a consensus rating of "Moderate Buy" and a target price of $195.44, supported by increased price objectives from various investment firms.

Hilltop National Bank acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,004 shares of the company's stock, valued at approximately $547,000.

Other large investors have also recently modified their holdings of the company. Linscomb Wealth Inc. raised its stake in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after acquiring an additional 2,669 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after acquiring an additional 242,799 shares during the last quarter. 49 Wealth Management LLC raised its stake in shares of Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO raised its stake in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after acquiring an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after acquiring an additional 87,631 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 3.1%

NYSE:PM opened at $153.09 on Friday. The stock has a market capitalization of $238.30 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.28 and a beta of 0.46. The firm has a fifty day simple moving average of $164.82 and a two-hundred day simple moving average of $168.54. 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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same period last 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 analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, October 3rd. This is a positive change 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 3.8%. Philip Morris International's dividend payout ratio is 102.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. increased their price objective 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. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Needham & Company LLC reiterated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.