Comerica Bank Has $68.73 Million Position in Philip Morris International Inc. $PM

Comerica Bank decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,990 shares of the company’s stock after selling 20,495 shares during the quarter. Comerica Bank’s holdings in Philip Morris International were worth $68,729,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PM. Vanguard Group Inc. lifted its stake in Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after purchasing an additional 1,189,283 shares during the period. Wellington Management Group LLP raised its holdings in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. Northern Trust Corp lifted its position in shares of Philip Morris International by 11.0% during the 4th quarter. Northern Trust Corp now owns 13,630,177 shares of the company’s stock worth $1,640,392,000 after buying an additional 1,347,503 shares during the period. Nuveen LLC bought a new position in shares of Philip Morris International during the 1st quarter worth approximately $1,712,994,000. Finally, Goldman Sachs Group Inc. boosted its stake in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock valued at $1,554,686,000 after buying an additional 3,575,158 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE PM opened at $171.67 on Friday. The stock has a market capitalization of $267.22 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a fifty day moving average of $173.69 and a 200-day moving average of $166.19.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 120.86% and a net margin of 9.03%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is currently 102.66%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. UBS Group raised their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $186.27.

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.