Banque Transatlantique SA Raises Stock Position in Philip Morris International Inc. $PM

Key Points

• Banque Transatlantique SA increased its holdings in Philip Morris International by 47.9% to a total value of $3.38 million during the first quarter.
• Philip Morris reported $1.91 earnings per share for the last quarter, exceeding analysts' estimates, alongside quarterly revenue of $10.14 billion.
• The company declared a quarterly dividend of $1.35, resulting in a 3.2% annualized yield, despite a dividend payout ratio of 102.66%.

Banque Transatlantique SA increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,037 shares of the company's stock after acquiring an additional 7,465 shares during the period. Banque Transatlantique SA's holdings in Philip Morris International were worth $3,379,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Linscomb Wealth Inc. lifted its position in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after acquiring an additional 2,669 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after buying an additional 242,799 shares during the period. 49 Wealth Management LLC increased its holdings in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after buying an additional 2,354 shares during the period. Cortland Associates Inc. MO increased its holdings in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after purchasing an additional 87,631 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent analyst reports. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group cut their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Trading Up 0.3%

Philip Morris International stock traded up $0.46 during mid-day trading on Friday, hitting $161.61. The stock had a trading volume of 4,056,667 shares, compared to its average volume of 4,938,799. The firm has a market capitalization of $251.57 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.34 and a beta of 0.49. The firm's 50 day moving average is $170.22 and its 200 day moving average is $167.36. 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 the consensus estimate 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 net margin of 9.03% and a negative return on equity of 120.86%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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 forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

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