Philip Morris International Inc. $PM Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 563,903 shares of the company’s stock after acquiring an additional 21,401 shares during the period. Fifth Third Bancorp’s holdings in Philip Morris International were worth $102,704,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Sheets Smith Wealth Management increased its holdings in Philip Morris International by 6.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,050 shares of the company’s stock worth $373,000 after purchasing an additional 118 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in Philip Morris International by 13.5% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 8,410 shares of the company’s stock worth $1,532,000 after purchasing an additional 1,000 shares during the period. Hidden Cove Wealth Management LLC increased its holdings in Philip Morris International by 6.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 1,410 shares of the company’s stock worth $257,000 after purchasing an additional 84 shares during the period. PICTET BANK & TRUST Ltd purchased a new stake in Philip Morris International during the 2nd quarter worth about $2,042,000. Finally, Kelly Financial Group LLC increased its holdings in Philip Morris International by 10.8% during the 2nd quarter. Kelly Financial Group LLC now owns 1,812 shares of the company’s stock worth $330,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PM. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Barclays dropped their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $184.91.

Philip Morris International Stock Up 1.2%

NYSE:PM opened at $163.87 on Wednesday. The stock’s 50 day moving average price is $166.55 and its 200 day moving average price is $168.16. The company has a market capitalization of $255.07 billion, a PE ratio of 31.15, a P/E/G ratio of 2.35 and a beta of 0.49. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate 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 posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal 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 paid 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 3.6%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is 102.66%.

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.