American National Bank & Trust Purchases 3,485 Shares of Philip Morris International Inc. $PM

Key Points

• American National Bank & Trust increased its stake in Philip Morris International by 238.0% in the second quarter, acquiring an additional 3,485 shares to bring its total holdings to 4,949 shares valued at $901,000.
• The company recently announced a quarterly dividend increase to $1.47 per share, up from the previous $1.35, with a dividend yield of 3.6%.
• Philip Morris International reported a quarterly earnings per share (EPS) of $1.91, surpassing analyst estimates of $1.86, and had a net margin of 9.03% on revenues of $10.14 billion.

American National Bank & Trust lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 238.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,949 shares of the company's stock after buying an additional 3,485 shares during the period. American National Bank & Trust's holdings in Philip Morris International were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock worth $22,320,878,000 after buying an additional 1,189,283 shares in the last quarter. Wellington Management Group LLP boosted its position in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Nuveen LLC bought a new stake in Philip Morris International during the first quarter valued at $1,712,994,000. Goldman Sachs Group Inc. boosted its position in shares of Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.7%

Shares of PM opened at $164.16 on Friday. The firm's 50-day moving average price is $165.83 and its 200-day moving average price is $168.22. The firm has a market capitalization of $255.53 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.36 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.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Philip Morris International's quarterly 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, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's payout ratio is currently 102.66%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PM. 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. Citigroup restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report 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, KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $189.40.

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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