Belpointe Asset Management LLC Sells 378 Shares of Philip Morris International Inc. $PM

Belpointe Asset Management LLC reduced its holdings in Philip Morris International Inc. (NYSE:PMFree Report) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,016 shares of the company’s stock after selling 378 shares during the period. Belpointe Asset Management LLC’s holdings in Philip Morris International were worth $3,828,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. Abound Wealth Management grew its stake in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International in the first quarter valued at $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the first quarter worth $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 3.1%

Shares of Philip Morris International stock opened at $153.09 on Monday. The company has a 50-day simple moving average of $164.82 and a two-hundred day simple moving average of $168.76. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a market capitalization of $238.30 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PMGet Free Report) last released 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. The company had revenue of $10.14 billion during 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 firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s payout ratio is currently 111.79%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PM. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays reduced their price target 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. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $195.44.

Read Our Latest Research Report on Philip Morris International

Philip Morris International Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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