Kaufman Rossin Wealth LLC Takes $445,000 Position in Philip Morris International Inc. $PM

Key Points

• Kaufman Rossin Wealth LLC has acquired 2,805 shares of Philip Morris International Inc. valued at approximately $445,000.
• Analysts have issued mostly positive ratings for Philip Morris International, with a consensus target price of $186.27 and twelve analysts rating the stock as a "Buy."
• The company recently reported earnings of $1.91 EPS, surpassing expectations, while announcing a quarterly dividend of $1.35 per share.

Kaufman Rossin Wealth LLC acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,805 shares of the company's stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Transce3nd LLC bought a new position in shares of Philip Morris International in the fourth quarter worth about $41,000. TD Waterhouse Canada Inc. grew its stake in Philip Morris International by 18.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 23,462 shares of the company's stock worth $2,823,000 after acquiring an additional 3,652 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in Philip Morris International by 122.8% in the 4th quarter. Pinebridge Investments L.P. now owns 51,438 shares of the company's stock worth $6,191,000 after acquiring an additional 28,353 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE:PM traded down $4.38 during trading hours on Monday, hitting $167.37. 4,800,325 shares of the company were exchanged, compared to its average volume of 6,020,980. The stock has a market capitalization of $260.53 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.50 and a beta of 0.48. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company's 50 day moving average price is $173.69 and its 200-day moving average price is $166.34.

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, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for 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 revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous 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 Dividend Announcement

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

Analyst Ratings Changes

PM has been the topic of a number of research analyst reports. 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 research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Barclays lowered their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Profile

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.