Tanager Wealth Management LLP Has $3.66 Million Stake in Philip Morris International Inc. $PM

Tanager Wealth Management LLP lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,109 shares of the company’s stock after selling 1,974 shares during the quarter. Tanager Wealth Management LLP’s holdings in Philip Morris International were worth $3,662,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Abound Wealth Management grew 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 valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.8%

Philip Morris International stock opened at $160.87 on Thursday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company’s 50-day moving average price is $165.04 and its two-hundred day moving average price is $168.53. The stock has a market cap of $250.41 billion, a P/E ratio of 30.58, a P/E/G ratio of 2.35 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the company posted $1.59 EPS. The firm’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. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 issued a dividend of $1.47 per share. This is an increase 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 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s payout ratio is currently 102.66%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating on the stock. UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Finally, Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.

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.