WESPAC Advisors LLC Lowers Position in Philip Morris International Inc. $PM

Key Points

• WESPAC Advisors LLC reduced its holdings in Philip Morris International Inc. by 45.6%, now owning 3,893 shares worth approximately $709,000 after selling 3,261 shares in the 2nd quarter.
• Philip Morris International recently announced a quarterly dividend of $1.47 per share, increasing from the previous dividend of $1.35, reflecting a 3.8% yield.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for PM stock, with a target price around $195.44, despite some recent downgrades in ratings and price targets.

WESPAC Advisors LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 45.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,893 shares of the company's stock after selling 3,261 shares during the period. WESPAC Advisors LLC's holdings in Philip Morris International were worth $709,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Abound Wealth Management increased its position in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC increased its position in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International during the 1st quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International during the 1st quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. UBS Group reduced their price target on 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. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Finally, Barclays reduced their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $195.44.

Philip Morris International Price Performance

PM opened at $154.53 on Wednesday. The stock's 50 day simple moving average is $164.57 and its 200 day simple moving average is $168.67. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a market cap of $240.53 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is 111.79%.

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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