Comerica Bank Lowers Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Comerica Bank reduced its holdings in Philip Morris International Inc. by 4.5% during the first quarter, now owning 432,990 shares valued at approximately $68.73 million.
• In the same period, several institutional investors increased their stakes, including Vanguard Group, which now holds over 140.6 million shares, and Goldman Sachs Group, which boosted its position by 57.5%.
• The stock has a current market capitalization of $267.22 billion, with recent quarterly earnings showing an EPS of $1.91, surpassing estimates while revenue experienced a 7.1% year-over-year increase.

Comerica Bank lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 432,990 shares of the company's stock after selling 20,495 shares during the period. Comerica Bank's holdings in Philip Morris International were worth $68,729,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Linscomb Wealth Inc. lifted its position in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after acquiring an additional 2,669 shares during the period. Mackenzie Financial Corp lifted its position in shares of Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after acquiring an additional 242,799 shares during the period. 49 Wealth Management LLC lifted its position in shares of Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares during the period. Cortland Associates Inc. MO lifted its position in shares of Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after acquiring an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after acquiring an additional 87,631 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on PM shares. Needham & Company LLC restated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group upped their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Barclays cut their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

Philip Morris International Stock Performance

NYSE PM traded down $2.53 during trading on Wednesday, hitting $164.15. 5,162,677 shares of the company's stock traded hands, compared to its average volume of 5,246,760. The stock has a market capitalization of $255.51 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.42 and a beta of 0.48. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The business has a 50 day moving average of $173.05 and a 200-day moving average of $166.50.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business 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 company's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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

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.