Checchi Capital Advisers LLC Trims Holdings in Philip Morris International Inc. $PM

Checchi Capital Advisers LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,660 shares of the company’s stock after selling 448 shares during the period. Checchi Capital Advisers LLC’s holdings in Philip Morris International were worth $3,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Abound Wealth Management lifted its holdings in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC lifted 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 purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International during the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 1st quarter worth approximately $35,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 3.1%

Philip Morris International stock opened at $153.09 on Friday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a fifty day moving average of $164.82 and a 200-day moving average of $168.64. The firm has a market capitalization 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 released its quarterly earnings data 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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 dividend yield of 3.8%. This is an increase 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%.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. Barclays lowered their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.44.

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.