SteelPeak Wealth LLC Reduces Position in Philip Morris International Inc. $PM

SteelPeak Wealth LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 50.5% during the 2nd quarter, Holdings Channel reports. The firm owned 32,528 shares of the company’s stock after selling 33,218 shares during the quarter. SteelPeak Wealth LLC’s holdings in Philip Morris International were worth $5,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abound Wealth Management lifted its stake in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC lifted its stake in Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $153.52 on Tuesday. The company’s fifty day moving average price is $164.73 and its 200 day moving average price is $168.77. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The company has a market capitalization of $238.97 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted 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. The company had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. 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 business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business 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 dividend of $1.47 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PM. Needham & Company LLC restated a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday, September 27th. 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. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International 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.