NewEdge Advisors LLC Has $25.56 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• NewEdge Advisors LLC increased its stake in Philip Morris International by 4.0%, holding 161,048 shares valued at approximately $25.56 million at the end of the latest quarter.
• Philip Morris International reported earnings of $1.91 per share, exceeding analysts' expectations of $1.86, with a revenue of $10.14 billion for the quarter.
• The company's quarterly dividend was set at $1.35, representing an annualized yield of 3.3%, though it noted a high dividend payout ratio of 102.66%.

NewEdge Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,048 shares of the company's stock after purchasing an additional 6,220 shares during the period. NewEdge Advisors LLC's holdings in Philip Morris International were worth $25,563,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the 1st quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International during the first quarter valued at about $34,000. Pacifica Partners Inc. boosted its stake in Philip Morris International by 115.0% during 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 in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at $35,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 0.4%

NYSE PM traded up $0.69 on Wednesday, reaching $165.43. The company had a trading volume of 3,921,112 shares, compared to its average volume of 6,000,064. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock's 50 day moving average is $169.57 and its 200-day moving average is $167.51. The stock has a market cap of $257.50 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.36 and a beta of 0.49.

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, beating 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 firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The company's quarterly 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. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analysts Set New Price Targets

A number of equities research analysts have commented on PM shares. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Twelve 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, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $184.91.

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.