Annex Advisory Services LLC Increases Stock Position in Philip Morris International Inc. $PM

Annex Advisory Services LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,183 shares of the company’s stock after purchasing an additional 468 shares during the period. Annex Advisory Services LLC’s holdings in Philip Morris International were worth $6,408,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PM. Vanguard Group Inc. lifted its position in shares of Philip Morris International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after buying an additional 1,189,283 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Nuveen LLC bought a new stake in Philip Morris International during the first quarter worth $1,712,994,000. Goldman Sachs Group Inc. boosted its position in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock valued at $1,431,527,000 after purchasing an additional 1,635,636 shares during the period. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. Barclays lowered their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating on the stock. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, UBS Group lowered their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.91.

Philip Morris International Stock Up 0.7%

Philip Morris International stock opened at $162.84 on Friday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The business has a 50-day simple moving average of $167.26 and a 200 day simple moving average of $168.01. The stock has a market cap of $253.48 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM) last released its quarterly 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 analysts’ expectations 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 was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share 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. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is presently 102.66%.

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.