Mirae Asset Global Investments Co. Ltd. Buys 28,127 Shares of Philip Morris International Inc. $PM

Key Points

• Mirae Asset Global Investments increased its stake in Philip Morris International by 13.2%, bringing its total holdings to 241,178 shares valued at $43.93 million.
• Philip Morris International recently declared a quarterly dividend of $1.47, representing a 3.7% yield and an increase from its previous dividend of $1.35.
• Analysts have a consensus rating of "Moderate Buy" for PM shares, with an average price target of $195.44, as several firms issued new price targets between $195 and $220.

Mirae Asset Global Investments Co. Ltd. raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,178 shares of the company's stock after buying an additional 28,127 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Philip Morris International were worth $43,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Abound Wealth Management grew its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter valued at $30,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Philip Morris International by 405.0% during the 1st 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International during the 1st quarter valued at $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International during the 1st quarter valued at $35,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 2.0%

NYSE:PM opened at $157.71 on Friday. The company has a 50-day moving average price of $164.97 and a 200-day moving average price of $168.55. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market cap of $245.48 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 2.33 and a beta of 0.46.

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 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 firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the company posted $1.59 EPS. The company's quarterly 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. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is 102.66%.

Analysts Set New Price Targets

Several equities analysts recently commented on PM shares. Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Barclays reduced their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Citigroup reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $195.44.

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.

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