Kestra Advisory Services LLC Has $23.79 Million Position in Philip Morris International Inc. $PM

Key Points

• Kestra Advisory Services LLC increased its holdings in Philip Morris International Inc. by 7.3% during the 1st quarter, raising its position to $23.79 million, where it owns 149,858 shares.
• Philip Morris International's recent earnings report showed a positive EPS of $1.91, beating analysts' expectations, but its revenue of $10.14 billion fell short of the projected $10.33 billion.
• The company announced a quarterly dividend of $1.35 per share, representing a 3.1% yield and a dividend payout ratio of 102.66%.

Kestra Advisory Services LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,858 shares of the company's stock after purchasing an additional 10,209 shares during the quarter. Kestra Advisory Services LLC's holdings in Philip Morris International were worth $23,787,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Linscomb Wealth Inc. grew its position in Philip Morris International by 3.3% in the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after purchasing an additional 2,669 shares during the period. Mackenzie Financial Corp grew its position in Philip Morris International by 7.3% in the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after purchasing an additional 242,799 shares during the period. 49 Wealth Management LLC grew its holdings in Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after buying an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO grew its holdings in Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after buying an additional 87,631 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Down 1.6%

PM stock opened at $171.67 on Friday. The stock's fifty day simple moving average is $173.69 and its two-hundred day simple moving average is $165.95. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a market cap of $267.22 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays dropped 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 research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target 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. UBS Group boosted their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Company 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.

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