Advisors Asset Management Inc. Reduces Position in Philip Morris International Inc. $PM

Key Points

• Advisors Asset Management Inc. reduced its stake in Philip Morris International by 19.5%, selling 24,585 shares, leaving it with a total of 101,388 shares valued at approximately $16.1 million.
• Institutional investors own about 78.63% of Philip Morris International's shares, with notable increases from firms like Goldman Sachs and Wellington Management during the first quarter.
• Philip Morris reported Q2 earnings of $1.91 EPS, exceeding estimates, and announced a quarterly dividend of $1.35, yielding 3.2% annually.

Advisors Asset Management Inc. cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,388 shares of the company's stock after selling 24,585 shares during the period. Advisors Asset Management Inc.'s holdings in Philip Morris International were worth $16,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Algert Global LLC lifted its holdings in Philip Morris International by 8.7% in the 4th quarter. Algert Global LLC now owns 48,940 shares of the company's stock valued at $5,890,000 after purchasing an additional 3,928 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Philip Morris International by 0.6% in the 4th quarter. Baird Financial Group Inc. now owns 263,775 shares of the company's stock valued at $31,745,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Philip Morris International by 0.7% in the 4th quarter. Brown Advisory Inc. now owns 173,438 shares of the company's stock valued at $20,873,000 after purchasing an additional 1,159 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM traded up $0.46 on Friday, reaching $161.61. 4,056,667 shares of the company's stock were exchanged, compared to its average volume of 4,938,799. The company's 50 day moving average is $170.22 and its 200-day moving average is $167.36. The company has a market cap of $251.57 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.34 and a beta of 0.49. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its 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 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 was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Finally, UBS Group dropped their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

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.