Leo Wealth LLC Grows Stake in Philip Morris International Inc. $PM

Key Points

• Leo Wealth LLC increased its stake in Philip Morris International by 62% during the second quarter, bringing its holdings to approximately $1,081,000.
• Philip Morris International recently declared a quarterly dividend of $1.47, an increase from the previous $1.35, reflecting a 3.8% dividend yield.
• Analyst ratings for Philip Morris International remain optimistic, with a consensus rating of "Moderate Buy" and an average target price of $195.44.

Leo Wealth LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 62.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,935 shares of the company's stock after purchasing an additional 2,271 shares during the period. Leo Wealth LLC's holdings in Philip Morris International were worth $1,081,000 at the end of the most recent quarter.

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

Philip Morris International Trading Up 1.0%

PM opened at $156.80 on Friday. The firm has a market cap of $244.07 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.25 and a beta of 0.46. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a 50-day moving average of $164.29 and a 200 day moving average of $168.62.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm's revenue 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 fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued 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 dividend yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $195.44.

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.

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