Sax Wealth Advisors LLC Buys 278 Shares of Philip Morris International Inc. $PM

Sax Wealth Advisors LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% in the second quarter, Holdings Channel.com reports. The fund owned 9,136 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,664,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Abound Wealth Management increased its holdings in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC grew its stake in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $35,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 0.6%

PM stock opened at $154.53 on Wednesday. The stock’s fifty day simple moving average is $164.57 and its two-hundred 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 stock has a market cap of $240.53 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’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. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s payout ratio is presently 111.79%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Company Profile

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.