Signaturefd LLC Purchases 3,164 Shares of Philip Morris International Inc. $PM

Key Points

• Signaturefd LLC increased its stake in Philip Morris International by 11.8%, acquiring an additional 3,164 shares in the 2nd quarter, bringing its total holdings to 30,010 shares valued at approximately $5.47 million.
• The company announced a quarterly dividend increase to $1.47, resulting in an annualized yield of 3.6%, payable on October 20th.
• Research analysts generally maintain a "Moderate Buy" rating on Philip Morris International, with the stock currently having an average price target of $189.40.

Signaturefd LLC lifted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,010 shares of the company's stock after acquiring an additional 3,164 shares during the quarter. Signaturefd LLC's holdings in Philip Morris International were worth $5,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Abound Wealth Management increased its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International in the 1st quarter valued at $30,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International in the 1st quarter valued at $34,000. Finally, Pacifica Partners Inc. grew its stake in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays lowered their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. 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. Finally, KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Eleven 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $189.40.

Philip Morris International Trading Up 0.4%

Shares of PM stock opened at $164.70 on Friday. The business's 50 day moving average is $165.55 and its two-hundred day moving average is $168.31. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.37 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is currently 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.

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