Clough Capital Partners L P Has $33.98 Million Stock Position in Philip Morris International Inc. $PM

Key Points

• Clough Capital Partners L P has significantly increased its shareholding in Philip Morris International by 73.4%, making the stock its third largest position with a total value of approximately $33.98 million.
• Analysts are largely optimistic about Philip Morris International, with twelve ratings of "Buy" and a consensus price target of $186.27 following recent upgrades from major financial institutions.
• Philip Morris International's latest earnings report showed an earnings per share of $1.91, exceeding estimates, although revenues of $10.14 billion were slightly below expectations.

Clough Capital Partners L P raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 73.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,071 shares of the company's stock after purchasing an additional 90,591 shares during the quarter. Philip Morris International makes up about 4.2% of Clough Capital Partners L P's investment portfolio, making the stock its 3rd largest position. Clough Capital Partners L P's holdings in Philip Morris International were worth $33,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International during the first quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the first quarter valued at about $34,000. Pacifica Partners Inc. raised its holdings in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter worth about $35,000. Finally, Inlight Wealth Management LLC bought a new stake in Philip Morris International during the first quarter worth about $38,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 3.3%

Philip Morris International stock traded down $5.56 during trading on Wednesday, hitting $161.84. The stock had a trading volume of 2,267,570 shares, compared to its average volume of 5,993,282. The stock has a market cap of $251.92 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.43 and a beta of 0.49. The stock's 50 day moving average is $171.33 and its two-hundred day moving average is $167.11. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year 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 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. 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 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PM shares. UBS Group upped their target price on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International 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.