Keudell Morrison Wealth Management Cuts Position in Philip Morris International Inc. $PM

Key Points

• Keudell Morrison Wealth Management reduced its stake in Philip Morris International Inc. by 21.2%, now holding 16,249 shares valued at approximately $2.96 million.
• The company recently reported earnings of $1.91 EPS, exceeding forecasts, but revenue fell short of expectations at $10.14 billion.
• Philip Morris International has announced an increased quarterly dividend of $1.47, representing an annual yield of 3.8%.

Keudell Morrison Wealth Management decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 21.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 16,249 shares of the company's stock after selling 4,369 shares during the period. Philip Morris International makes up about 0.7% of Keudell Morrison Wealth Management's investment portfolio, making the stock its 29th largest position. Keudell Morrison Wealth Management's holdings in Philip Morris International were worth $2,959,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PM. Abound Wealth Management grew its position in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC grew its position in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International in the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $153.09 on Friday. The company has a market cap of $238.30 billion, a PE ratio of 29.10, a P/E/G ratio of 2.22 and a beta of 0.46. The company has a fifty day moving average price of $164.82 and a two-hundred day moving average price of $168.64. 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 released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm 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%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous 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 research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced 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. 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 (DPR) is 102.66%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating for the company. Jefferies Financial Group started 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 target for the company. JPMorgan Chase & Co. raised 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. Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

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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