Ieq Capital LLC Has $17.90 Million Stake in Philip Morris International Inc. $PM

Key Points

• Ieq Capital LLC increased its stake in Philip Morris International by 21.1%, owning a total of 112,773 shares valued at approximately $17.9 million.
• Philip Morris International reported an earnings per share (EPS) of $1.91 for the last quarter, surpassing analyst expectations by $0.05 despite revenues of $10.14 billion falling short of estimates.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 3.2%, with a payout ratio currently standing at 102.66%.

Ieq Capital LLC lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,773 shares of the company's stock after acquiring an additional 19,668 shares during the period. Ieq Capital LLC's holdings in Philip Morris International were worth $17,901,000 as of its most recent filing with the Securities and Exchange Commission.

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

Philip Morris International Stock Up 0.8%

Shares of PM traded up $1.38 during mid-day trading on Friday, hitting $167.15. 5,357,997 shares of the company's stock were exchanged, compared to its average volume of 4,950,581. The firm has a fifty day moving average of $172.04 and a two-hundred day moving average of $166.75. The stock has a market cap of $260.18 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.41 and a beta of 0.48. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

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 the consensus estimate of $1.86 by $0.05. The business 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%. Philip Morris International's quarterly 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. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PM shares. Barclays cut 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 report on Wednesday, July 30th. UBS Group upped their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

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.