Bingham Private Wealth LLC Has $1.31 Million Stock Holdings in Philip Morris International Inc. $PM

Bingham Private Wealth LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 7,213 shares of the company’s stock after selling 190 shares during the quarter. Philip Morris International comprises about 1.2% of Bingham Private Wealth LLC’s portfolio, making the stock its 19th biggest holding. Bingham Private Wealth LLC’s holdings in Philip Morris International were worth $1,314,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PM. Hardy Reed LLC raised its holdings in shares of Philip Morris International by 3.9% in the 2nd quarter. Hardy Reed LLC now owns 10,451 shares of the company’s stock worth $1,903,000 after buying an additional 390 shares in the last quarter. Trueblood Wealth Management LLC grew its position in Philip Morris International by 9.1% in the second quarter. Trueblood Wealth Management LLC now owns 2,645 shares of the company’s stock valued at $482,000 after acquiring an additional 221 shares during the period. Seamount Financial Group Inc. acquired a new position in Philip Morris International during the second quarter worth $201,000. Relyea Zuckerberg Hanson LLC raised its stake in Philip Morris International by 21.3% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 8,703 shares of the company’s stock worth $1,585,000 after acquiring an additional 1,527 shares in the last quarter. Finally, MAS Advisors LLC lifted its holdings in shares of Philip Morris International by 2.7% during the second quarter. MAS Advisors LLC now owns 2,534 shares of the company’s stock valued at $462,000 after acquiring an additional 67 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.2%

PM stock opened at $153.52 on Tuesday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The business’s fifty day moving average is $164.73 and its 200-day moving average is $168.77. The company has a market cap of $238.97 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced 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. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the business posted $1.59 EPS. Philip Morris International’s revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors 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 currently 111.79%.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Saturday, September 27th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group dropped their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Eleven 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, the stock has an average rating of “Moderate Buy” and an average price target of $195.44.

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.