Bank Pictet & Cie Europe AG Grows Position in Philip Morris International Inc. $PM

Key Points

• Bank Pictet & Cie Europe AG significantly increased its stake in Philip Morris International, raising holdings by 16,373.7% in Q2, now owning 304,929 shares valued at approximately $55.5 million.
• Philip Morris International recently declared a quarterly dividend of $1.47, up from $1.35, indicating a 3.6% yield, despite a payout ratio of 102.66%.
• Wall Street analysts have largely maintained a positive outlook on the stock, with 11 analysts issuing "buy" ratings and an average target price of $189.40.

Bank Pictet & Cie Europe AG raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 16,373.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,929 shares of the company's stock after acquiring an additional 303,078 shares during the period. Philip Morris International makes up 1.2% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 23rd largest position. Bank Pictet & Cie Europe AG's holdings in Philip Morris International were worth $55,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abound Wealth Management raised its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International in the 1st quarter valued at about $34,000. Finally, Pacifica Partners Inc. raised its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $164.16 on Friday. The business's 50 day simple moving average is $165.83 and its two-hundred day simple moving average is $168.22. The stock has a market capitalization of $255.53 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a $1.47 dividend. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International's payout ratio is presently 102.66%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $189.40.

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.

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