Country Club Bank decreased its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 7.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 66,015 shares of the company’s stock after selling 5,605 shares during the period. Country Club Bank’s holdings in Philip Morris International were worth $11,951,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% during the fourth 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 period. Revolve Wealth Partners LLC boosted its stake in Philip Morris International by 4.5% during the fourth 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 period. Charter Oak Capital Management LLC bought a new stake in Philip Morris International during the first quarter valued at $206,000. RDA Financial Network bought a new stake in Philip Morris International during the first quarter valued at $218,000. Finally, Miracle Mile Advisors LLC boosted its stake in Philip Morris International by 2.2% during the first quarter. Miracle Mile Advisors LLC now owns 4,233 shares of the company’s stock valued at $672,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Wall Street Analysts Forecast Growth
PM has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday, September 27th. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.44.
Philip Morris International Trading Up 0.2%
NYSE PM opened at $153.52 on Tuesday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a 50-day moving average of $164.73 and a 200-day moving average of $168.77. The firm has a market cap of $238.97 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.
Philip Morris International (NYSE:PM – Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.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 previous year, the company posted $1.59 EPS. Philip Morris International’s revenue for the quarter 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 forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.
Philip Morris International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is presently 111.79%.
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.
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