Vermillion Wealth Management Inc. Has $26,000 Holdings in Philip Morris International Inc. $PM

Key Points

• Vermillion Wealth Management Inc. significantly reduced its holdings in Philip Morris International Inc. by 98.6%, now owning only 145 shares valued at $26,000 after selling 9,999 shares in Q2.
• Philip Morris International announced a dividend increase from $1.35 to $1.47 per share, resulting in an annualized dividend of $5.88 and a yield of 3.6%.
• Institutional investors currently hold 78.63% of Philip Morris International's stock, with various firms adjusting their ratings and target prices on the shares.

Vermillion Wealth Management Inc. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 98.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145 shares of the company's stock after selling 9,999 shares during the period. Vermillion Wealth Management Inc.'s holdings in Philip Morris International were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Philip Morris International by 7.1% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 2,705 shares of the company's stock worth $493,000 after purchasing an additional 179 shares during the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Philip Morris International by 6.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,943 shares of the company's stock valued at $354,000 after buying an additional 111 shares during the last quarter. Smith Salley Wealth Management lifted its position in Philip Morris International by 35.2% during the 2nd quarter. Smith Salley Wealth Management now owns 4,876 shares of the company's stock worth $888,000 after buying an additional 1,270 shares in the last quarter. Symmetry Partners LLC grew its holdings in Philip Morris International by 48.7% during the 2nd quarter. Symmetry Partners LLC now owns 4,256 shares of the company's stock worth $775,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its holdings in Philip Morris International by 2.6% during the 2nd quarter. Wagner Wealth Management LLC now owns 6,624 shares of the company's stock worth $1,206,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Up 0.4%

NYSE:PM opened at $164.70 on Monday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.38 and a beta of 0.49. The stock's fifty day simple moving average is $165.55 and its 200-day simple moving average is $168.55.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.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 company posted $1.59 earnings per share. The firm's revenue 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. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is an increase 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 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is presently 102.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PM shares. UBS Group reduced their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Barclays dropped 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 report on Wednesday, July 30th. 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 objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $189.40.

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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