Klein Pavlis & Peasley Financial Inc. Sells 16,182 Shares of Philip Morris International Inc. $PM

Klein Pavlis & Peasley Financial Inc. cut its holdings in Philip Morris International Inc. (NYSE:PM) by 51.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,228 shares of the company’s stock after selling 16,182 shares during the quarter. Philip Morris International accounts for approximately 1.9% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 16th largest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Philip Morris International were worth $2,774,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Abound Wealth Management raised its position in shares of 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 buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the first quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC raised its position in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PM. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.40.

Philip Morris International Trading Up 0.4%

Shares of 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 stock has a fifty day simple moving average of $165.55 and a two-hundred day simple moving average of $168.55. The stock has a market capitalization 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS 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 company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Philip Morris International’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. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. 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.