AlphaQuest LLC cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 64.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,224 shares of the company's stock after selling 7,606 shares during the quarter. AlphaQuest LLC's holdings in Philip Morris International were worth $670,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Perigon Wealth Management LLC lifted its stake in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the period. TBH Global Asset Management LLC lifted its stake in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the period. NFP Retirement Inc. lifted its stake in shares of Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in shares of Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the period. Finally, Renasant Bank lifted its stake in shares of Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after buying an additional 63 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Trading Down 2.6%
Shares of PM stock opened at $167.37 on Tuesday. The company's fifty day simple moving average is $173.38 and its 200-day simple moving average is $166.50. 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 cap of $260.53 billion, a PE ratio of 31.82, a P/E/G ratio of 2.50 and a beta of 0.48.
Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm posted $1.59 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.
Analyst Ratings Changes
Several equities analysts recently issued reports on PM shares. Barclays reduced their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group lifted their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. 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. Finally, KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $186.27.
Check Out Our Latest Stock Analysis on PM
Philip Morris International Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

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