Venturi Wealth Management LLC Has $4.32 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Venturi Wealth Management LLC has increased its stake in Philip Morris International Inc. by 8.9%, now owning 23,696 shares valued at approximately $4.32 million.
• Institutional investors collectively own 78.63% of Philip Morris International's stock, indicating strong institutional interest in the company.
• Philip Morris International announced an increase in its quarterly dividend to $1.47 per share, reflecting an annualized yield of 3.8% and highlighting its commitment to returning value to shareholders.

Venturi Wealth Management LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,696 shares of the company's stock after purchasing an additional 1,939 shares during the period. Venturi Wealth Management LLC's holdings in Philip Morris International were worth $4,316,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Linscomb Wealth Inc. increased its holdings in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after buying an additional 2,669 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after buying an additional 242,799 shares in the last quarter. 49 Wealth Management LLC increased its holdings in shares of Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after buying an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO increased its holdings in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 worth $69,695,000 after buying an additional 87,631 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PM. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $154.53 on Wednesday. The firm has a market cap of $240.53 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.22 and a beta of 0.46. The firm has a 50 day simple moving average of $164.57 and a 200 day simple moving average of $168.67. 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 data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) 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 firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm earned $1.59 earnings per share. The business'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. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders 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 is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International's payout ratio is 111.79%.

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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