Occidental Asset Management LLC Raises Holdings in Philip Morris International Inc. $PM

Occidental Asset Management LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 23.8% in the second quarter, HoldingsChannel reports. The firm owned 6,078 shares of the company’s stock after buying an additional 1,170 shares during the quarter. Occidental Asset Management LLC’s holdings in Philip Morris International were worth $1,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its position in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC grew its position in Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after acquiring an additional 61 shares in the last quarter. NFP Retirement Inc. grew its position in Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after acquiring an additional 62 shares in the last quarter. Capital Advisors Wealth Management LLC grew its position in Philip Morris International by 2.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock worth $477,000 after acquiring an additional 63 shares in the last quarter. Finally, Renasant Bank grew its position in Philip Morris International by 3.3% in the first quarter. Renasant Bank now owns 1,994 shares of the company’s stock worth $317,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PM shares. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.91.

Philip Morris International Price Performance

Shares of NYSE PM opened at $162.34 on Tuesday. The firm has a 50-day simple moving average of $166.89 and a two-hundred day simple moving average of $168.19. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The company has a market cap of $252.69 billion, a P/E ratio of 30.86, a PEG ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM) last posted 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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm 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. The company’s revenue 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. As a group, equities research 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. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s payout ratio 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.