LeConte Wealth Management LLC Invests $424,000 in Philip Morris International Inc. $PM

Key Points

• LeConte Wealth Management LLC has invested $424,000 to acquire 2,330 shares of Philip Morris International Inc., marking its entry into the stock in the second quarter.
• Philip Morris International recently declared a quarterly dividend increase from $1.35 to $1.47, representing an annualized dividend of $5.88 and a dividend yield of 3.6%.
• Analysts have given Philip Morris International an average rating of "Moderate Buy" with an adjusted price target range, illustrating varying optimism about the company's future performance.

LeConte Wealth Management LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,330 shares of the company's stock, valued at approximately $424,000.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% during 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. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth $36,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth $269,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on PM shares. JPMorgan Chase & Co. raised their target price 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. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Bank of America boosted their price objective 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. Finally, Barclays decreased their target price on 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. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Down 0.3%

NYSE:PM opened at $163.21 on Thursday. The stock has a 50 day moving average of $166.14 and a two-hundred day moving average of $168.13. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market cap of $254.04 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is 111.79%.

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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