UMB Bank n.a. Acquires 48,202 Shares of Philip Morris International Inc. $PM

Key Points

• UMB Bank n.a. increased its stock holdings in Philip Morris International Inc. by 43.7% in the second quarter, owning 158,446 shares valued at approximately $28.86 million.
• The company recently declared a quarterly dividend of $1.47 per share, reflecting an annualized dividend of $5.88 and a yield of 3.6%, an increase from the previous $1.35.
• Philip Morris International's stock received new price targets from various analysts, with JPMorgan and Bank of America raising their targets to $190.00 and $200.00 respectively, indicating strong interest and confidence in the stock's performance.

UMB Bank n.a. raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 43.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,446 shares of the company's stock after buying an additional 48,202 shares during the quarter. UMB Bank n.a.'s holdings in Philip Morris International were worth $28,858,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Linscomb Wealth Inc. boosted its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after purchasing an additional 2,669 shares in the last quarter. Mackenzie Financial Corp boosted its position in Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after acquiring an additional 242,799 shares in the last quarter. 49 Wealth Management LLC boosted its position in Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO boosted its position in Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after acquiring an additional 125,171 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after purchasing an additional 87,631 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 traded up $1.78 on Tuesday, hitting $163.76. 2,556,719 shares of the stock traded hands, compared to its average volume of 5,985,749. The firm has a market cap of $254.90 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a 50 day simple moving average of $166.89 and a two-hundred day simple moving average of $168.19.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion for 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 business's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is presently 102.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Barclays dropped their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently 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.