AlTi Global Inc. Sells 1,571 Shares of Philip Morris International Inc. $PM

Key Points

• AlTi Global Inc. has reduced its stake in Philip Morris International by 15% during the 1st quarter, now holding 8,873 shares valued at approximately $1.42 million.
• UBS Group and Bank of America have recently adjusted their price targets on Philip Morris International's stock, raising them to $181.00 and $200.00 respectively, indicating a positive outlook with a consensus rating of "Moderate Buy."
• Philip Morris International reported Q2 earnings of $1.91 per share, surpassing estimates, and declared a quarterly dividend of $1.35, which reflects a 3.3% dividend yield.

AlTi Global Inc. cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,873 shares of the company's stock after selling 1,571 shares during the quarter. AlTi Global Inc.'s holdings in Philip Morris International were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC grew its stake in shares of Philip Morris International by 0.4% in 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 in the last quarter. TBH Global Asset Management LLC lifted its holdings in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the last quarter. NFP Retirement Inc. lifted its holdings in Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after purchasing an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after purchasing an additional 63 shares during the last quarter. Finally, Renasant Bank lifted its holdings in Philip Morris International by 3.3% during the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after purchasing an additional 63 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group raised their price target on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Stock Performance

PM opened at $163.18 on Thursday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market capitalization of $254.01 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.43 and a beta of 0.49. The stock has a fifty day moving average of $171.00 and a 200-day moving average of $167.08.

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 for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company'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. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) 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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