Genesis Private Wealth LLC Has $714,000 Position in Philip Morris International Inc. $PM

Genesis Private Wealth LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,921 shares of the company’s stock after selling 454 shares during the quarter. Genesis Private Wealth LLC’s holdings in Philip Morris International were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Philip Morris International by 0.9% during the first 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 grew its holdings 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 worth $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. Nuveen LLC bought a new position in shares of Philip Morris International during the first quarter worth about $1,712,994,000. Goldman Sachs Group Inc. grew its holdings in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after buying an additional 1,635,636 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.4%

PM stock opened at $164.70 on Monday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The business has a 50 day moving average price of $165.55 and a two-hundred day moving average price of $168.55. The company has a market cap of $256.37 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.38 and a beta of 0.49.

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

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is presently 102.66%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PM shares. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group decreased their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.

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.