Philip Morris International Inc. $PM Shares Sold by Broyhill Asset Management LLC

Key Points

• Broyhill Asset Management LLC reduced its stake in Philip Morris International by 41.8%, holding approximately $7.73 million in shares, making it the firm's second biggest position.
• Various institutional investors, including Truvestments Capital LLC and Gabelli Funds LLC, have increased their stakes in Philip Morris, which is now predominantly owned (78.63%) by such investors.
• Philip Morris International's recent earnings exceeded expectations with $1.91 earnings per share, leading analysts to set a consensus target price of $186.27 with twelve analysts rating the stock as a Buy.

Broyhill Asset Management LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 41.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,690 shares of the company's stock after selling 35,034 shares during the period. Philip Morris International makes up approximately 6.3% of Broyhill Asset Management LLC's portfolio, making the stock its 2nd biggest holding. Broyhill Asset Management LLC's holdings in Philip Morris International were worth $7,729,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Philip Morris International during the 4th quarter valued at $289,000. Schonfeld Strategic Advisors LLC grew its holdings in Philip Morris International by 149.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 104,073 shares of the company's stock valued at $12,525,000 after purchasing an additional 62,323 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in Philip Morris International during the 4th quarter valued at $6,091,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays decreased 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, Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Twelve 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 company has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Trading Up 0.8%

NYSE:PM traded up $1.38 during mid-day trading on Friday, hitting $167.15. The stock had a trading volume of 5,357,997 shares, compared to its average volume of 4,950,581. The stock has a market capitalization of $260.18 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.43 and a beta of 0.48. The company has a 50 day simple moving average of $172.04 and a 200-day simple moving average of $166.75. 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 released 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 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%. Philip Morris International's 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. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

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.