Philip Morris International Inc. $PM Position Cut by Brown Miller Wealth Management LLC

Key Points

• Brown Miller Wealth Management LLC reduced its stake in Philip Morris International by 11% in the second quarter, maintaining a total of 14,790 shares valued at approximately $2.69 million.
• Recent research reports indicate a generally optimistic outlook for PM as analysts have upgraded their price targets, with a consensus target price of $195.44 and eleven analysts rating the stock as a "Buy."
• The company announced a quarterly dividend increase from $1.35 to $1.47 per share, representing a 3.8% dividend yield, with a payout ratio currently at 102.66%.

Brown Miller Wealth Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,790 shares of the company's stock after selling 1,827 shares during the period. Philip Morris International accounts for 0.8% of Brown Miller Wealth Management LLC's portfolio, making the stock its 29th biggest holding. Brown Miller Wealth Management LLC's holdings in Philip Morris International were worth $2,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Abound Wealth Management increased its stake in shares of Philip Morris International by 566.7% in the second 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 period. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC raised its stake in 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 acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International during the 1st quarter worth $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International in the first quarter worth $35,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research note on Saturday, September 27th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Barclays cut their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

Philip Morris International Trading Down 3.1%

PM stock opened at $153.09 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The firm has a 50-day moving average of $164.82 and a two-hundred day moving average of $168.64. The firm has a market capitalization of $238.30 billion, a PE ratio of 29.10, a P/E/G ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The firm'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. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently declared 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 is a positive change 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 3.8%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is presently 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.

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