Alta Wealth Advisors LLC Purchases New Position in Philip Morris International Inc. $PM

Alta Wealth Advisors LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,257 shares of the company’s stock, valued at approximately $229,000.

Several other large investors have also added to or reduced their stakes in PM. Brighton Jones LLC increased its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Breakwater Capital Group purchased a new stake in Philip Morris International in the 1st quarter valued at about $293,000. Vest Financial LLC increased its stake in Philip Morris International by 73.5% in the 1st quarter. Vest Financial LLC now owns 15,315 shares of the company’s stock valued at $2,431,000 after buying an additional 6,487 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in Philip Morris International in the 1st quarter valued at about $133,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Finally, Citigroup restated 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.44.

Philip Morris International Stock Down 3.1%

Shares of PM stock opened at $153.09 on Friday. The company has a 50 day moving average of $164.82 and a 200-day moving average of $168.64. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market cap of $238.30 billion, a P/E ratio of 29.10, a PEG ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly 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 company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities 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 issued a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.8%. 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.