Seamount Financial Group Inc. Acquires Shares of 1,102 Philip Morris International Inc. $PM

Seamount Financial Group Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, Holdings Channel reports. The institutional investor bought 1,102 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PM. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Philip Morris International by 405.0% during the first 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 Philip Morris International in the 1st quarter valued at $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Saturday, September 27th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. 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 research note on Thursday, July 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.44.

Philip Morris International Trading Up 0.2%

Shares of Philip Morris International stock opened at $153.52 on Tuesday. The company has a 50-day moving average of $164.73 and a two-hundred day moving average of $168.77. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market cap of $238.97 billion, a PE 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, 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 analyst estimates of $10.33 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The company’s quarterly 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. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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