Blue Trust Inc. Buys 3,211 Shares of Philip Morris International Inc. $PM

Key Points

• Blue Trust Inc. increased its holdings in Philip Morris International by 13.2% in the 2nd quarter, now owning a total of 27,526 shares valued at approximately $5 million.
• Philip Morris recently increased its quarterly dividend from $1.35 to $1.47, representing an annualized payout of $5.88 with a yield of 3.8%.
• Analysts have a consensus rating of "Moderate Buy" for Philip Morris International, with an average target price of $195.44, reflecting positive market sentiment.

Blue Trust Inc. grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,526 shares of the company's stock after buying an additional 3,211 shares during the period. Blue Trust Inc.'s holdings in Philip Morris International were worth $5,013,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised 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 valued at $22,320,878,000 after purchasing an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP grew 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 buying an additional 4,563,632 shares during the period. Nuveen LLC purchased a new stake in Philip Morris International during the first quarter valued at approximately $1,712,994,000. Goldman Sachs Group Inc. increased its holdings in Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after buying an additional 1,635,636 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 1.0%

Shares of PM opened at $156.80 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company 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 company's fifty day simple moving average is $164.29 and its 200-day simple moving average is $168.62.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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 company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts predict 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 announced 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 is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is 111.79%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PM. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Barclays reduced 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 report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $195.44.

About Philip Morris International

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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