Philip Morris International Inc. $PM Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Philip Morris International by 13.4% during Q2, owning 498,082 shares valued at approximately $89 million.
• Analysts have varying opinions on Philip Morris, with JPMorgan raising the target price to $190 and Bank of America to $200, while UBS downgraded it to $166.
• Philip Morris reported Q2 earnings of $1.91 per share, exceeding expectations, with a revenue of $10.14 billion, despite a slight miss against estimates.

Wealth Enhancement Advisory Services LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,082 shares of the company's stock after acquiring an additional 59,000 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Philip Morris International were worth $89,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Philip Morris International during the first quarter worth approximately $1,712,994,000. Wellington Management Group LLP lifted its stake in Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. GAMMA Investing LLC lifted its stake in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares during the period. Goldman Sachs Group Inc. increased its holdings in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after acquiring an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price 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. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group reduced their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Finally, Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Stock Down 1.5%

NYSE PM traded down $2.40 during trading hours on Monday, hitting $160.55. The company had a trading volume of 1,723,916 shares, compared to its average volume of 5,980,981. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market cap of $249.92 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The business has a fifty day simple moving average of $167.26 and a 200-day simple moving average of $168.11.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate 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 company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business posted $1.59 EPS. The company'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. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS 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 given 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 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is currently 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.