Aprio Wealth Management LLC Purchases 3,099 Shares of Philip Morris International Inc. $PM

Key Points

• Aprio Wealth Management LLC increased its stake in Philip Morris International Inc. by 79.2%, bringing its total holdings to 7,014 shares valued at approximately $1.11 million.
• Major investors, including Nuveen LLC and Wellington Management Group LLP, have also significantly increased their holdings during the first quarter, indicating strong institutional interest in the company.
• Philip Morris International recently reported earnings of $1.91 per share for the quarter, surpassing expectations, and declared a quarterly dividend of $1.35 per share, which corresponds to an annual yield of 3.2%.

Aprio Wealth Management LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,014 shares of the company's stock after purchasing an additional 3,099 shares during the period. Aprio Wealth Management LLC's holdings in Philip Morris International were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. boosted its position in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after acquiring an additional 2,669 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after purchasing an additional 242,799 shares in the last quarter. 49 Wealth Management LLC grew its position in shares of Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after buying an additional 2,354 shares during the period. Cortland Associates Inc. MO grew its position in shares of Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after buying an additional 87,631 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PM. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. 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. UBS Group dropped their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday. JPMorgan Chase & Co. raised their price target 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. Finally, Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Up 0.3%

Shares of PM traded up $0.46 on Friday, reaching $161.61. 4,056,667 shares of the company's stock traded hands, compared to its average volume of 4,938,799. The stock has a market cap of $251.57 billion, a PE ratio of 30.72, a PEG ratio of 2.34 and a beta of 0.49. The stock's 50 day simple moving average is $170.22 and its two-hundred day simple moving average is $167.36. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International's revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.3%. Philip Morris International's dividend payout ratio is 102.66%.

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.