Abacus FCF Advisors LLC Sells 21,519 Shares of Philip Morris International Inc. $PM

Key Points

• Abacus FCF Advisors LLC reduced its holdings in Philip Morris International by 16.6%, bringing its total to 108,442 shares, valued at approximately $19.75 million.
• Philip Morris International recently announced a quarterly dividend of $1.47 per share, increasing from the previous $1.35, with a dividend yield of 3.6%.
• Analysts have varied opinions on Philip Morris, with a consensus rating of "Moderate Buy" and a target price of $184.91, reflecting differing views on the company's growth potential.

Abacus FCF Advisors LLC lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,442 shares of the company's stock after selling 21,519 shares during the period. Philip Morris International makes up about 2.8% of Abacus FCF Advisors LLC's portfolio, making the stock its 5th largest position. Abacus FCF Advisors LLC's holdings in Philip Morris International were worth $19,751,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PM. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC lifted its stake in Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of several analyst reports. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America boosted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Barclays cut their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, 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 report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Stock Performance

Shares of PM traded up $1.97 during mid-day trading on Tuesday, hitting $163.95. 2,334,956 shares of the company's stock were exchanged, compared to its average volume of 5,984,044. The company has a market cap of $255.21 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock's 50-day moving average is $166.89 and its 200-day moving average is $168.19.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio is 102.66%.

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.