Optas LLC Increases Stock Holdings in Philip Morris International Inc. $PM

Optas LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 124.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,816 shares of the company’s stock after purchasing an additional 3,775 shares during the period. Optas LLC’s holdings in Philip Morris International were worth $1,241,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Linscomb Wealth Inc. grew its position in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after acquiring an additional 2,669 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after acquiring an additional 242,799 shares during the last quarter. 49 Wealth Management LLC grew its position in shares of Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO grew its position in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock worth $22,690,000 after acquiring an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock worth $69,695,000 after purchasing an additional 87,631 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Stock Performance

NYSE:PM opened at $155.27 on Thursday. The stock has a fifty day moving average price of $164.43 and a two-hundred day moving average price of $168.58. The stock has a market capitalization of $241.69 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.24 and a beta of 0.46. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the business posted $1.59 earnings per share. The business’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. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 111.79%.

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.