First City Capital Management Inc. Buys 460 Shares of Philip Morris International Inc. $PM

First City Capital Management Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,054 shares of the company’s stock after acquiring an additional 460 shares during the quarter. First City Capital Management Inc.’s holdings in Philip Morris International were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Abound Wealth Management increased its stake in shares of Philip Morris International by 566.7% in 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 purchased a new stake in Philip Morris International during the 1st quarter valued at $30,000. CBIZ Investment Advisory Services LLC grew its holdings in Philip Morris International by 405.0% in 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International in the 1st quarter worth $34,000. Finally, Pacifica Partners Inc. increased its position in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.3%

PM opened at $163.21 on Thursday. The stock has a market cap of $254.04 billion, a PE ratio of 31.03, a PEG ratio of 2.38 and a beta of 0.49. The business has a 50 day moving average of $166.14 and a 200-day moving average of $168.13. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The company 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. 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 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is 111.79%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PM shares. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. Barclays reduced 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. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Finally, UBS Group cut 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.91.

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.