111 Capital Decreases Holdings in Philip Morris International Inc. $PM

Key Points

• 111 Capital has significantly reduced its stake in Philip Morris International by 72.2%, now holding 4,794 shares worth approximately $873,000.
• The firm's quarterly dividend was increased from $1.35 to $1.47 per share, reflecting a 3.8% dividend yield and a payout ratio of 102.66%.
• Philip Morris International's stock recently faced a 3.1% decline, with current prices around $153.09 and a consensus target price of $195.44 among analysts.

111 Capital cut its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 72.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,794 shares of the company's stock after selling 12,448 shares during the period. 111 Capital's holdings in Philip Morris International were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Abound Wealth Management increased its stake in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International in the 1st quarter worth $34,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth $35,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

Philip Morris International Stock Down 3.1%

PM opened at $153.09 on Friday. The firm has a 50-day simple moving average of $164.82 and a two-hundred day simple moving average of $168.64. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a market capitalization of $238.30 billion, a PE ratio of 29.10, 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate 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 business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The business's revenue 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, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International's payout ratio is currently 102.66%.

Philip Morris International Company 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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