OLD Point Trust & Financial Services N A Has $2.38 Million Holdings in Philip Morris International Inc. $PM

OLD Point Trust & Financial Services N A cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,060 shares of the company’s stock after selling 100 shares during the period. Philip Morris International makes up approximately 0.9% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 29th largest holding. OLD Point Trust & Financial Services N A’s holdings in Philip Morris International were worth $2,379,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Linscomb Wealth Inc. grew its stake in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after purchasing an additional 2,669 shares during the period. Mackenzie Financial Corp grew its stake in shares of Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after purchasing an additional 242,799 shares during the period. 49 Wealth Management LLC grew its stake in shares of Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after purchasing an additional 2,354 shares during the period. Cortland Associates Inc. MO grew its stake in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock worth $22,690,000 after purchasing an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock valued at $69,695,000 after acquiring an additional 87,631 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on PM shares. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. 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. JPMorgan Chase & Co. boosted 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. 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 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $195.44.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $162.16 on Wednesday. The firm has a market cap of $252.42 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The stock’s 50-day moving average is $165.11 and its 200-day moving average is $168.58. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly 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. The company 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 company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio is presently 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.