Cranbrook Wealth Management LLC Increases Stock Position in Philip Morris International Inc. $PM

Cranbrook Wealth Management LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014 shares of the company’s stock after buying an additional 62 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in Philip Morris International were worth $185,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Abound Wealth Management increased its position in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International in the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC increased 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 worth $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International in the 1st quarter valued at $34,000. Finally, Pacifica Partners Inc. raised its stake 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 valued at $35,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PM. Barclays reduced their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.91.

Philip Morris International Trading Up 1.2%

NYSE PM opened at $163.87 on Wednesday. The company has a market capitalization of $255.07 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49. The business’s 50-day moving average price is $166.55 and its 200 day moving average price is $168.16. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last released 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. The business had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities 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. 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 is Friday, October 3rd. Philip Morris International’s payout ratio is 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.