Wealth Enhancement Advisory Services LLC Has $89.10 Million Stock Holdings in Philip Morris International Inc. $PM

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 boosted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,082 shares of the company's stock after acquiring an additional 59,000 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Philip Morris International were worth $89,097,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Philip Morris International during the first quarter worth about $1,712,994,000. Wellington Management Group LLP grew its stake in shares of 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 worth $3,466,730,000 after acquiring an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Philip Morris International by 57.5% during 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 grew its stake 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 worth $1,431,527,000 after acquiring an additional 1,635,636 shares in 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 recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Finally, Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Price Performance

NYSE PM traded down $0.61 during trading on Monday, reaching $162.34. 5,735,002 shares of the company's stock were exchanged, compared to its average volume of 5,532,723. The business has a 50 day moving average price of $166.89 and a 200-day moving average price of $168.19. The stock has a market capitalization of $252.69 billion, a P/E ratio of 30.86, a PEG ratio of 2.36 and a beta of 0.49. 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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the business earned $1.59 EPS. The firm'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, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is 102.66%.

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.