Philip Morris International Inc. $PM Shares Bought by Kelly Financial Services LLC

Kelly Financial Services LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 10.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,269 shares of the company’s stock after acquiring an additional 208 shares during the quarter. Kelly Financial Services LLC’s holdings in Philip Morris International were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. PFS Partners LLC grew its position in Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after purchasing an additional 58 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC increased its position in shares of Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after acquiring an additional 61 shares during the period. Uncommon Cents Investing LLC increased its position in shares of Philip Morris International by 1.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after acquiring an additional 61 shares during the period. Finally, NFP Retirement Inc. raised its stake in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PM. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating on the stock. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Finally, 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. Eleven 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 presently has a consensus rating of “Moderate Buy” and an average price target of $189.40.

Philip Morris International Price Performance

PM opened at $164.70 on Monday. The firm has a fifty day moving average price of $165.55 and a 200 day moving average price of $168.55. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The stock has a market cap of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.38 and a beta of 0.49.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $1.59 EPS. The company’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. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

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

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.