Philip Morris International Inc. $PM is Citizens National Bank Trust Department’s 8th Largest Position

Citizens National Bank Trust Department lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.4% in the second quarter, Holdings Channel reports. The institutional investor owned 63,447 shares of the company’s stock after selling 225 shares during the quarter. Philip Morris International accounts for approximately 2.3% of Citizens National Bank Trust Department’s portfolio, making the stock its 8th biggest position. Citizens National Bank Trust Department’s holdings in Philip Morris International were worth $11,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pure Portfolios Holdings LLC bought a new position in Philip Morris International during the 2nd quarter valued at $206,000. Abel Hall LLC increased its position in shares of Philip Morris International by 12.0% in the 2nd quarter. Abel Hall LLC now owns 2,311 shares of the company’s stock worth $421,000 after purchasing an additional 247 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of Philip Morris International by 43.6% in the 2nd quarter. REAP Financial Group LLC now owns 725 shares of the company’s stock valued at $132,000 after purchasing an additional 220 shares in the last quarter. Cortland Associates Inc. MO lifted its position in shares of Philip Morris International by 0.8% during the second quarter. Cortland Associates Inc. MO now owns 144,061 shares of the company’s stock worth $26,238,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in Philip Morris International by 3.1% in the second quarter. Sax Wealth Advisors LLC now owns 9,136 shares of the company’s stock worth $1,664,000 after purchasing an additional 278 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays cut their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday, September 27th. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Price Performance

Shares of PM opened at $154.53 on Wednesday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a fifty day moving average price of $164.57 and a 200 day moving average price of $168.67. The company has a market cap of $240.53 billion, a P/E ratio of 29.38, a PEG ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced 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 company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.8%. Philip Morris International’s payout ratio is currently 111.79%.

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.