Philip Morris International Inc. $PM Shares Sold by Busey Bank

Key Points

• Busey Bank has reduced its stock holdings in Philip Morris International Inc. by 1.3%, owning a total of 196,954 shares worth approximately $35.87 million.
• Philip Morris reported a quarterly EPS of $1.91, exceeding analyst estimates, but had a net revenue of $10.14 billion, which was lower than projections.
• The company has announced a quarterly dividend increase to $1.47 per share, representing a 3.6% yield, with a payout ratio of 102.66%.

Busey Bank reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,954 shares of the company's stock after selling 2,673 shares during the quarter. Philip Morris International makes up approximately 1.1% of Busey Bank's investment portfolio, making the stock its 21st largest position. Busey Bank's holdings in Philip Morris International were worth $35,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International in the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC raised its holdings in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the first quarter worth about $34,000. Pacifica Partners Inc. raised its holdings in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International in the first quarter worth about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock traded up $1.74 during trading on Tuesday, reaching $163.72. The company had a trading volume of 2,556,719 shares, compared to its average volume of 5,985,749. The firm's 50-day simple moving average is $166.89 and its 200 day simple moving average is $168.19. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The firm has a market capitalization of $254.85 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results 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 net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the company earned $1.59 EPS. The firm's revenue for the quarter 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. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This is a boost 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 annualized dividend and a yield of 3.6%. Philip Morris International's dividend payout ratio is presently 102.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PM shares. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Bank of America boosted their target price 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. UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

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.