Synergy Asset Management LLC Reduces Holdings in Philip Morris International Inc. $PM

Synergy Asset Management LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,489 shares of the company’s stock after selling 735 shares during the quarter. Synergy Asset Management LLC’s holdings in Philip Morris International were worth $453,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Abound Wealth Management boosted its stake in shares of Philip Morris International by 566.7% during the second 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 acquired a new stake in shares of Philip Morris International during the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its stake 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 buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International during the first quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International in the first quarter valued at about $35,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock opened at $157.71 on Friday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market capitalization of $245.48 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.33 and a beta of 0.46. The company’s fifty day moving average price is $164.97 and its two-hundred day moving average price is $168.55.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 102.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PM shares. Barclays reduced their price objective 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. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of 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 reiterated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International 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.