Maryland State Retirement & Pension System Purchases 3,029 Shares of Philip Morris International Inc. $PM

Maryland State Retirement & Pension System boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,727 shares of the company's stock after purchasing an additional 3,029 shares during the quarter. Maryland State Retirement & Pension System's holdings in Philip Morris International were worth $13,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Brighton Jones LLC boosted its position in 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 purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its position in 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 period. Miracle Mile Advisors LLC boosted its position in Philip Morris International by 2.2% during the first quarter. Miracle Mile Advisors LLC now owns 4,233 shares of the company's stock worth $672,000 after purchasing an additional 93 shares during the period. Harbor Capital Advisors Inc. bought a new position in Philip Morris International during the first quarter worth $3,722,000. Finally, Wealthcare Advisory Partners LLC boosted its position in Philip Morris International by 1.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 16,818 shares of the company's stock worth $2,670,000 after purchasing an additional 203 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.5%

PM stock opened at $155.27 on Thursday. The company has a market cap of $241.69 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. The business has a 50-day simple moving average of $164.43 and a 200 day simple moving average of $168.58. 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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm 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 dividend of $1.47 per share. The ex-dividend date of this dividend 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 annualized dividend and a yield of 3.8%. Philip Morris International's payout ratio is presently 111.79%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Eleven investment 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 an average rating of "Moderate Buy" and an average price target 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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