Legacy Financial Strategies LLC Takes Position in Philip Morris International Inc. $PM

Key Points

• Legacy Financial Strategies LLC has acquired a new position in Philip Morris International Inc., purchasing 1,649 shares valued at about $300,000 during the second quarter.
• A majority of institutional investors own approximately 78.63% of Philip Morris International's stock, indicating strong institutional interest in the company.
• Recent analyst ratings for Philip Morris International include several buy ratings, with a consensus price target around $184.91, despite one downgrade to a "hold" rating.

Legacy Financial Strategies LLC acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,649 shares of the company's stock, valued at approximately $300,000.

A number of other hedge funds also recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new stake in Philip Morris International during the second quarter valued at about $40,000. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of Philip Morris International in the second quarter valued at about $236,000. Global Financial Private Client LLC lifted its stake in shares of Philip Morris International by 211.2% in the second quarter. Global Financial Private Client LLC now owns 3,952 shares of the company's stock valued at $720,000 after buying an additional 2,682 shares during the period. Peoples Bank KS lifted its stake in shares of Philip Morris International by 4.4% in the second quarter. Peoples Bank KS now owns 2,993 shares of the company's stock valued at $545,000 after buying an additional 125 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in shares of Philip Morris International by 2.5% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 607,200 shares of the company's stock valued at $110,589,000 after buying an additional 15,029 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.1%

PM stock traded up $0.10 during midday trading on Tuesday, reaching $162.08. The company's stock had a trading volume of 1,184,175 shares, compared to its average volume of 5,977,956. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a market cap of $252.30 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The business's 50-day simple moving average is $166.89 and its 200-day simple moving average is $168.19.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts forecast 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 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PM. UBS Group reduced their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Barclays dropped 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. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. 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. Finally, Bank of America increased their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

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.