Wedmont Private Capital Buys 8,761 Shares of Philip Morris International Inc. $PM

Key Points

• Wedmont Private Capital increased its stake in Philip Morris International by 30.5%, purchasing an additional 8,761 shares to own a total of 37,491 shares valued at approximately $6.67 million.
• Analysts maintain a positive outlook on Philip Morris International, with twelve rating it as a Buy and a target price consensus of $184.91.
• In its latest quarterly earnings, Philip Morris reported an EPS of $1.91, surpassing expectations, although its revenue slightly missed estimates at $10.14 billion.

Wedmont Private Capital grew its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 30.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 37,491 shares of the company's stock after acquiring an additional 8,761 shares during the quarter. Wedmont Private Capital's holdings in Philip Morris International were worth $6,673,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. Nuveen LLC acquired a new position in Philip Morris International during the 1st quarter worth $1,712,994,000. Wellington Management Group LLP raised its stake in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC raised 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 buying an additional 4,464,590 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 buying an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Philip Morris International by 22.2% in 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 buying an additional 1,635,636 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on PM shares. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Barclays dropped their price objective on 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. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Trading Up 0.7%

NYSE PM traded up $1.08 on Friday, reaching $162.84. The stock had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The business has a 50 day moving average price of $167.26 and a 200 day moving average price of $168.01. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The company has a market capitalization of $253.48 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

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