West Branch Capital LLC Acquires 1,775 Shares of Philip Morris International Inc. $PM

Key Points

• West Branch Capital LLC increased its holdings in Philip Morris International Inc. by 54.4%, acquiring an additional 1,775 shares during the second quarter, raising its total ownership to 5,040 shares valued at approximately $918,000.
• Philip Morris recently announced a quarterly dividend increase to $1.47 per share, which will be distributed to shareholders on October 20th, reflecting a positive change from the previous dividend of $1.35.
• The company's stock opened at $164.70, with a current market capitalization of $256.37 billion and a P/E ratio of 31.31, showcasing ongoing interest from various institutional investors.

West Branch Capital LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 54.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,040 shares of the company's stock after acquiring an additional 1,775 shares during the quarter. West Branch Capital LLC's holdings in Philip Morris International were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. PFS Partners LLC grew its position in shares of Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company's stock worth $53,000 after purchasing an additional 58 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC grew its holdings in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares in the last quarter. NFP Retirement Inc. grew its holdings in Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in Philip Morris International by 6.5% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company's stock valued at $185,000 after buying an additional 62 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.4%

Philip Morris International stock opened at $164.70 on Friday. The company has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.37 and a beta of 0.49. The firm's fifty day simple moving average is $165.55 and its 200-day simple moving average is $168.31. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its 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. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities research analysts predict 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 given a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Needham & Company LLC restated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.