Philip Morris International Inc. $PM Stake Boosted by SageView Advisory Group LLC

Key Points

• SageView Advisory Group LLC increased its stake in Philip Morris International by 12.2%, owning 24,615 shares valued at approximately $3.9 million as of the latest SEC disclosure.
• Philip Morris reported EPS of $1.91 for the most recent quarter, surpassing the consensus estimate of $1.86, alongside a revenue of $10.14 billion, which fell short of expected earnings.
• Bank of America raised its price target for Philip Morris stock from $182 to $200, maintaining a "buy" rating, while the average target price among analysts is currently set at $184.91.

SageView Advisory Group LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,615 shares of the company's stock after purchasing an additional 2,676 shares during the quarter. SageView Advisory Group LLC's holdings in Philip Morris International were worth $3,907,000 at the end of the most recent reporting period.

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

Philip Morris International Price Performance

Shares of PM stock opened at $164.84 on Wednesday. The stock's fifty day simple moving average is $169.57 and its 200 day simple moving average is $167.51. The firm has a market cap of $256.59 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a one year low of $116.12 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. 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 payout ratio is currently 102.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PM shares. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International 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.

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