Philip Morris International Inc. $PM Shares Purchased by Opal Wealth Advisors LLC

Key Points

• Opal Wealth Advisors LLC increased its stake in Philip Morris International Inc. by 47.2%, owning a total of 7,370 shares valued at $1,342,000 after acquiring additional shares in the second quarter.
• Philip Morris International announced a quarterly dividend of $1.47, a boost from the previous dividend of $1.35, with a dividend yield of 3.6%.
• The company's stock has a market cap of $252.69 billion and a PE ratio of 30.86, with shares currently trading at $162.34, reflecting a 0.4% decline.

Opal Wealth Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 47.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,370 shares of the company's stock after acquiring an additional 2,363 shares during the period. Opal Wealth Advisors LLC's holdings in Philip Morris International were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in shares of Philip Morris International by 0.4% in 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 grew its position in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the last quarter. NFP Retirement Inc. boosted its position in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after acquiring an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position 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 worth $477,000 after acquiring an additional 63 shares during the last quarter. Finally, Renasant Bank boosted its position in Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 0.4%

Shares of PM opened at $162.34 on Tuesday. The firm has a market cap of $252.69 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The company's fifty day moving average is $166.89 and its two-hundred day moving average is $168.19. 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 announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the business earned $1.59 EPS. Philip Morris International's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 3rd. 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. Philip Morris International's payout ratio is 102.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PM. Barclays decreased their target price 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. Bank of America raised their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $184.91.

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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