Magnus Financial Group LLC Sells 609 Shares of Philip Morris International Inc. $PM

Magnus Financial Group LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 8.3% during the second quarter, Holdings Channel.com reports. The firm owned 6,763 shares of the company’s stock after selling 609 shares during the quarter. Magnus Financial Group LLC’s holdings in Philip Morris International were worth $1,232,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PM. Abound Wealth Management raised its stake in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the first quarter worth $30,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of 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 acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International in the 1st quarter worth about $34,000. Finally, Pacifica Partners Inc. raised its position in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.7%

Shares of PM stock opened at $164.16 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market capitalization of $255.53 billion, a P/E ratio of 31.21, a P/E/G ratio of 2.36 and a beta of 0.49. The firm’s 50 day moving average is $165.83 and its 200 day moving average is $168.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share 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. Shareholders 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 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in 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. Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target for the company. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $189.40.

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.