MinichMacGregor Wealth Management LLC Makes New Investment in Philip Morris International Inc. $PM

Key Points

• MinichMacGregor Wealth Management LLC has acquired a new position in Philip Morris International Inc., purchasing 2,797 shares valued at approximately $509,000.
• The company recently reported an EPS of $1.91 for the last quarter, exceeding analysts' expectations, although revenue fell short of estimates at $10.14 billion.
• Philip Morris International announced an increase in its quarterly dividend, raising it from $1.35 to $1.47 per share, reflecting a dividend yield of 3.6%.

MinichMacGregor Wealth Management LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,797 shares of the company's stock, valued at approximately $509,000.

Several other large investors have also recently bought and sold shares of PM. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares during the period. Versant Capital Management Inc increased its stake in shares of Philip Morris International by 119.9% in the 1st quarter. Versant Capital Management Inc now owns 3,587 shares of the company's stock valued at $569,000 after purchasing an additional 1,956 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Philip Morris International by 8.8% in the 1st quarter. Moody National Bank Trust Division now owns 5,775 shares of the company's stock valued at $917,000 after purchasing an additional 469 shares during the last quarter. Finally, Farmers Trust Co. boosted its holdings in shares of Philip Morris International by 21.1% during the 1st quarter. Farmers Trust Co. now owns 52,574 shares of the company's stock valued at $8,345,000 after acquiring an additional 9,162 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.4%

Shares of PM opened at $164.70 on Friday. The company has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.37 and a beta of 0.49. The firm has a 50 day moving average of $165.55 and a 200 day moving average of $168.31. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This is a boost 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 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's payout ratio is 102.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on 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 research note on Friday, September 5th. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.40.

About Philip Morris International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.