D.B. Root & Company LLC Decreases Position in Philip Morris International Inc. $PM

D.B. Root & Company LLC trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,045 shares of the company’s stock after selling 235 shares during the period. D.B. Root & Company LLC’s holdings in Philip Morris International were worth $555,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PM. Abound Wealth Management increased its position in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International during the 1st quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the 1st quarter valued at about $35,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PM shares. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target for the company. JPMorgan Chase & Co. upped their price objective 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday, September 27th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Performance

Philip Morris International stock opened at $153.09 on Monday. The company has a market capitalization of $238.30 billion, a PE ratio of 29.10, a P/E/G ratio of 2.22 and a beta of 0.46. The company has a 50 day moving average price of $164.82 and a 200-day moving average price of $168.76. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 issued a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is presently 111.79%.

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.