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

Key Points

• Sax Wealth Advisors LLC increased its stake in Philip Morris International (NYSE:PM) by 51.3%, owning a total of 8,858 shares valued at approximately $1.4 million.
• Philip Morris recently announced a quarterly dividend of $1.35 per share, resulting in a dividend yield of 3.1% with a payout ratio of 102.66%.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $186.27, while twelve analysts have rated it a "Buy" and one has issued a "Hold."

Sax Wealth Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 51.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,858 shares of the company's stock after purchasing an additional 3,002 shares during the period. Sax Wealth Advisors LLC's holdings in Philip Morris International were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the first quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International during the first quarter worth $34,000. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the first quarter valued at $35,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Philip Morris International in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PM. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Barclays decreased their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, KGI Securities began coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Twelve 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Stock Performance

Shares of PM opened at $171.67 on Friday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market capitalization of $267.22 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. The firm has a 50-day simple moving average of $173.69 and a 200-day simple moving average of $165.95.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The business's quarterly revenue 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. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.1%. 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.

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