Joel Isaacson & Co. LLC Increases Stock Position in Philip Morris International Inc. $PM

Key Points

• Joel Isaacson & Co. LLC increased its stake in Philip Morris International by 33.0% during Q2, holding 9,245 shares worth approximately $1.68 million.
• Philip Morris International declared a quarterly dividend of $1.47, reflecting an annualized yield of 3.8%, up from the previous quarterly dividend of $1.35.
• The company reported earnings per share (EPS) of $1.91 for the last quarter, exceeding estimates, with a revenue of $10.14 billion.

Joel Isaacson & Co. LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 33.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,245 shares of the company's stock after acquiring an additional 2,292 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Philip Morris International were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PM. Hardy Reed LLC raised its position in Philip Morris International by 3.9% during the second quarter. Hardy Reed LLC now owns 10,451 shares of the company's stock valued at $1,903,000 after purchasing an additional 390 shares during the period. Trueblood Wealth Management LLC increased its position in shares of Philip Morris International by 9.1% during the 2nd quarter. Trueblood Wealth Management LLC now owns 2,645 shares of the company's stock valued at $482,000 after purchasing an additional 221 shares during the last quarter. Seamount Financial Group Inc. purchased a new stake in Philip Morris International during the 2nd quarter valued at $201,000. Relyea Zuckerberg Hanson LLC lifted its position in Philip Morris International by 21.3% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 8,703 shares of the company's stock worth $1,585,000 after buying an additional 1,527 shares during the last quarter. Finally, MAS Advisors LLC boosted its stake in Philip Morris International by 2.7% during the second quarter. MAS Advisors LLC now owns 2,534 shares of the company's stock worth $462,000 after buying an additional 67 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $153.52 on Tuesday. The company has a 50-day simple moving average of $164.73 and a two-hundred day simple moving average of $168.77. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a market capitalization of $238.97 billion, a PE ratio of 29.19, a P/E/G ratio of 2.22 and a beta of 0.46.

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 (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. 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 fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is 111.79%.

Analyst Upgrades and Downgrades

PM has been the topic of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Saturday, September 27th. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Barclays cut their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.

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