Blair William & Co. IL Sells 6,705 Shares of Philip Morris International Inc. $PM

Key Points

• Blair William & Co. IL reduced its holdings in Philip Morris International by 3.5%, selling 6,705 shares and now owning 184,704 shares worth $33.64 million.
• Analysts have set new price targets for Philip Morris, with JPMorgan raising it to $190.00, while UBS lowered theirs to $166.00, reflecting varying outlooks on the stock.
• The company declared a quarterly dividend of $1.47 per share, representing an annualized dividend yield of 3.8%, marking an increase from the previous $1.35 dividend.

Blair William & Co. IL lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,704 shares of the company's stock after selling 6,705 shares during the period. Blair William & Co. IL's holdings in Philip Morris International were worth $33,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in Philip Morris International during the 1st quarter valued at about $1,712,994,000. Wellington Management Group LLP lifted its holdings in Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after buying an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 22.2% in 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 buying an additional 1,635,636 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Philip Morris International by 111.1% during the first quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company's stock valued at $473,660,000 after buying an additional 1,580,368 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday. Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $195.44.

Philip Morris International Stock Up 1.0%

Shares of PM opened at $156.80 on Friday. The stock has a market cap of $244.07 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.25 and a beta of 0.46. The business's 50 day moving average price is $164.29 and its 200-day moving average price is $168.62. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The firm's quarterly revenue 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. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

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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