Okabena Investment Services Inc. Has $2.20 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Okabena Investment Services Inc. increased its stake in Philip Morris International Inc. by 52.0%, owning 13,855 shares worth approximately $2.2 million.
• The company's recent earnings report revealed an EPS of $1.91, beating analysts' estimates, while revenue reached $10.14 billion, slightly below expectations.
• Philip Morris International announced a quarterly dividend of $1.35 per share, reflecting an annualized dividend of $5.40 with a yield of 3.3%.

Okabena Investment Services Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 52.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,855 shares of the company's stock after purchasing an additional 4,739 shares during the period. Okabena Investment Services Inc.'s holdings in Philip Morris International were worth $2,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the first quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter worth $34,000. Pacifica Partners Inc. lifted its stake in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 1st quarter valued at $35,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.8%

Philip Morris International stock traded up $1.38 during trading hours on Friday, reaching $167.15. 5,357,997 shares of the company's stock were exchanged, compared to its average volume of 4,950,581. The firm's 50 day simple moving average is $172.04 and its 200 day simple moving average is $166.87. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a market capitalization of $260.18 billion, a PE ratio of 31.78, a PEG ratio of 2.43 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the business posted $1.59 EPS. The business'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. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PM. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. UBS Group increased their price target on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $186.27.

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.