1,404 Shares in Philip Morris International Inc. $PM Purchased by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,404 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds have also made changes to their positions in the company. American National Bank & Trust grew its position in Philip Morris International by 238.0% during the 2nd quarter. American National Bank & Trust now owns 4,949 shares of the company’s stock worth $901,000 after purchasing an additional 3,485 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Philip Morris International by 16,373.7% in the second quarter. Bank Pictet & Cie Europe AG now owns 304,929 shares of the company’s stock worth $55,537,000 after buying an additional 303,078 shares during the period. Banque Pictet & Cie SA grew its holdings in shares of Philip Morris International by 182.2% during the second quarter. Banque Pictet & Cie SA now owns 484,687 shares of the company’s stock valued at $88,276,000 after buying an additional 312,940 shares in the last quarter. Fortune Financial Advisors LLC raised its position in Philip Morris International by 1.2% during the second quarter. Fortune Financial Advisors LLC now owns 13,902 shares of the company’s stock valued at $2,532,000 after buying an additional 163 shares during the period. Finally, Essex Financial Services Inc. lifted its stake in Philip Morris International by 11.3% in the 2nd quarter. Essex Financial Services Inc. now owns 29,269 shares of the company’s stock worth $5,331,000 after acquiring an additional 2,965 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.7%

Shares of PM stock opened at $164.16 on Friday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The company has a market cap of $255.53 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The business’s 50 day moving average is $165.83 and its two-hundred day moving average is $168.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 business had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the company earned $1.59 earnings per share. Philip Morris International’s revenue for the quarter 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. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared 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 is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 102.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group dropped their target price 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. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.

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.