Relyea Zuckerberg Hanson LLC Raises Stock Holdings in Philip Morris International Inc. $PM

Relyea Zuckerberg Hanson LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 21.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,703 shares of the company’s stock after buying an additional 1,527 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Philip Morris International were worth $1,585,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Philip Morris International during the 1st quarter valued at about $1,712,994,000. Wellington Management Group LLP lifted its holdings in Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock valued at $1,431,527,000 after buying an additional 1,635,636 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Philip Morris International by 111.1% during the first quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock valued at $473,660,000 after acquiring an additional 1,580,368 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $153.09 on Monday. The firm’s 50-day moving average price is $164.82 and its 200-day moving average price is $168.76. 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. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business 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 dividend of $1.47 per share. This is a boost 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 dividend on an annualized basis and a yield of 3.8%. Philip Morris International’s dividend payout ratio is 111.79%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PM. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven equities research 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, Philip Morris International presently has a consensus 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.