Verus Financial Partners Inc. Lowers Holdings in Philip Morris International Inc. $PM

Verus Financial Partners Inc. cut its holdings in Philip Morris International Inc. (NYSE:PM) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,367 shares of the company’s stock after selling 781 shares during the period. Philip Morris International accounts for 0.4% of Verus Financial Partners Inc.’s holdings, making the stock its 21st biggest holding. Verus Financial Partners Inc.’s holdings in Philip Morris International were worth $4,337,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PM. Abound Wealth Management lifted its holdings in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International during the 1st quarter worth approximately $34,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International during the 1st quarter worth approximately $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating on the stock. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.44.

Philip Morris International Stock Performance

NYSE PM opened at $157.71 on Friday. The company has a market cap 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 business’s 50 day moving average price is $164.97 and its 200-day moving average price is $168.55. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

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

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. 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 annualized dividend and a yield of 3.7%. Philip Morris International’s dividend payout ratio is currently 102.66%.

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.