Cladis Investment Advisory LLC Boosts Position in Philip Morris International Inc. $PM

Key Points

• Cladis Investment Advisory LLC significantly increased its holdings in Philip Morris International Inc. by 226.3%, acquiring an additional 5,000 shares, bringing its total to 7,209 shares valued at approximately $1,144,000.
• Institutional investors own 78.63% of Philip Morris International's stock, with Vanguard Group being one of the largest shareholders after increasing its position to over 140 million shares.
• Analysts have set a new average target price of $186.27 for Philip Morris International, with the stock receiving an overall rating of "Moderate Buy" from various analysts.

Cladis Investment Advisory LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 226.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,209 shares of the company's stock after buying an additional 5,000 shares during the quarter. Cladis Investment Advisory LLC's holdings in Philip Morris International were worth $1,144,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its stake in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC raised its stake in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. raised its stake in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC raised its stake in Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the last quarter. Finally, Renasant Bank raised its stake in Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PM shares. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group upped their price target on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Price Performance

Philip Morris International stock traded down $2.82 during mid-day trading on Friday, reaching $171.67. 4,760,485 shares of the stock traded hands, compared to its average volume of 5,604,845. The stock has a market capitalization of $267.22 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The business's 50-day moving average is $173.69 and its 200-day moving average is $165.95.

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, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is 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.