NBT Bank N A NY Trims Stock Position in Philip Morris International Inc. $PM

NBT Bank N A NY lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,693 shares of the company’s stock after selling 546 shares during the period. NBT Bank N A NY’s holdings in Philip Morris International were worth $5,590,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Philip Morris International in the 1st quarter worth approximately $1,712,994,000. Wellington Management Group LLP grew its stake in 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. Goldman Sachs Group Inc. grew 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 worth $1,554,686,000 after buying an additional 3,575,158 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after buying an additional 1,635,636 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Philip Morris International by 111.1% in the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock worth $473,660,000 after buying an additional 1,580,368 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.6%

NYSE:PM opened at $154.53 on Wednesday. The company has a fifty day moving average of $164.57 and a 200 day moving average of $168.67. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a market capitalization of $240.53 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $1.59 EPS. The firm’s 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. As a group, analysts anticipate 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 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 an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group cut their price target on shares of 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. Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus 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.