Parallel Advisors LLC Boosts Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Parallel Advisors LLC increased its stake in Philip Morris International by 10.4%, acquiring an additional 1,919 shares, bringing its total shares owned to 20,402.
• Philip Morris reported earnings of $1.91 per share for the most recent quarter, surpassing analysts' expectations of $1.86, while revenue reached $10.14 billion, slightly below the forecast of $10.33 billion.
• The stock currently has a market cap of $251.80 billion and a consensus rating of "Moderate Buy," with a price target of $184.91 according to twelve research analysts.

Parallel Advisors LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,402 shares of the company's stock after acquiring an additional 1,919 shares during the period. Parallel Advisors LLC's holdings in Philip Morris International were worth $3,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Brighton Jones LLC grew its holdings in Philip Morris International by 31.1% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its position in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 91 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Philip Morris International by 0.3% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 54,199 shares of the company's stock worth $6,523,000 after buying an additional 151 shares during the last quarter. Twinbeech Capital LP bought a new stake in Philip Morris International in the 4th quarter worth approximately $2,706,000. Finally, WBI Investments LLC lifted its position in Philip Morris International by 81.9% in the fourth quarter. WBI Investments LLC now owns 14,144 shares of the company's stock valued at $1,702,000 after purchasing an additional 6,368 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $1.08 during trading on Friday, hitting $162.84. The company had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The stock has a 50 day simple moving average of $167.26 and a 200 day simple moving average of $167.91. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market capitalization of $253.48 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $10.33 billion. During the same quarter last year, the company earned $1.59 earnings per share. The business's revenue for the quarter 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. As a group, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.6%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PM. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. UBS Group reduced their price target 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. Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Barclays dropped their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price 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.