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

Sax Wealth Advisors LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,136 shares of the company’s stock after buying an additional 278 shares during the period. Sax Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,664,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PM. Abound Wealth Management increased its position in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International during the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC increased its position in 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 buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International during the 1st quarter worth $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the 1st quarter worth $35,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.6%

NYSE:PM opened at $154.53 on Wednesday. The stock’s 50-day simple moving average is $164.57 and its 200 day simple moving average is $168.67. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a market capitalization of $240.53 billion, a PE ratio of 29.38, 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 firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter 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. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s payout ratio is 111.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Saturday, September 27th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.