Lewis Asset Management LLC Has $1.04 Million Holdings in Philip Morris International Inc. $PM

Key Points

• Lewis Asset Management LLC increased its stake in Philip Morris International by 120.6%, acquiring an additional 3,118 shares, which brought their total holdings to 5,703 shares valued at approximately $1,039,000.
• Philip Morris International has announced a quarterly dividend of $1.47 per share, increasing from its previous dividend of $1.35, which corresponds to an annualized dividend of $5.88 and a dividend yield of 3.6%.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., significantly raised their positions in Philip Morris during the 1st quarter, indicating strong interest in the company's stock.

Lewis Asset Management LLC increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 120.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,703 shares of the company's stock after acquiring an additional 3,118 shares during the quarter. Lewis Asset Management LLC's holdings in Philip Morris International were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Abound Wealth Management boosted its stake in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International in the first quarter worth $30,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of 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 purchased a new position in Philip Morris International in the first quarter valued at about $34,000. Finally, Pacifica Partners Inc. boosted its position in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PM has been the subject of several recent analyst reports. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. 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 research report on Wednesday, July 30th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Price Performance

Shares of PM stock traded down $0.61 on Monday, hitting $162.34. 5,735,002 shares of the stock traded hands, compared to its average volume of 5,532,723. The firm has a market cap of $252.69 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.36 and a beta of 0.49. The firm has a 50 day simple moving average of $166.89 and a two-hundred day simple moving average of $168.19. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Philip Morris International's revenue 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. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend 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 payout ratio is currently 102.66%.

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.