Philip Morris International Inc. $PM Holdings Raised by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Philip Morris International Inc. by 4.4% during the first quarter, owning 4,918,341 shares valued at approximately $780.69 million.
• Philip Morris reported an earnings per share (EPS) of $1.91 for the last quarter, surpassing analyst estimates, despite a revenue of $10.14 billion which was below expectations.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annual yield of 3.2%, with a payout ratio of 102.66%.

Alliancebernstein L.P. raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,918,341 shares of the company's stock after buying an additional 205,369 shares during the quarter. Alliancebernstein L.P. owned approximately 0.32% of Philip Morris International worth $780,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the 1st quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $34,000. Pacifica Partners Inc. grew its holdings in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $35,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group decreased their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday. Needham & Company LLC restated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Twelve investment 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.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Price Performance

Shares of PM stock traded up $0.46 on Friday, hitting $161.61. 4,056,667 shares of the stock traded hands, compared to its average volume of 4,938,799. The company has a market capitalization of $251.57 billion, a PE ratio of 30.72, a PEG ratio of 2.34 and a beta of 0.49. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company's fifty day moving average is $170.22 and its 200 day moving average is $167.36.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 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 negative return on equity of 120.86% and a net margin of 9.03%.The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio is presently 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.