Philip Morris International Inc. $PM Shares Bought by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC increased its stake in Philip Morris International by 8.7%, owning 20,148 shares valued at approximately $3.67 million as per its latest SEC filing.
• Analysts have mixed views on the stock, with JPMorgan Chase raising its price target from $175 to $190 while Wall Street Zen downgraded the rating from "buy" to "hold".
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, up from $1.35, representing an annualized dividend yield of 3.6%.

Ballentine Partners LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,148 shares of the company's stock after buying an additional 1,610 shares during the period. Ballentine Partners LLC's holdings in Philip Morris International were worth $3,670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PM. Linscomb Wealth Inc. grew its holdings in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after purchasing an additional 2,669 shares during the last quarter. Mackenzie Financial Corp boosted its position in Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after purchasing an additional 242,799 shares during the period. 49 Wealth Management LLC grew its stake in 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 last quarter. Cortland Associates Inc. MO grew its stake in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Philip Morris International by 24.9% in the first 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 own 78.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Barclays cut their price objective on shares of 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. Citigroup restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. KGI Securities began coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Up 1.2%

Shares of PM stock opened at $163.87 on Wednesday. The stock has a 50-day simple moving average of $166.55 and a 200 day simple moving average of $168.16. The stock has a market capitalization of $255.07 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.35 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two 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, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is presently 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.

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