Counterpoint Mutual Funds LLC Makes New Investment in Philip Morris International Inc. $PM

Key Points

• Counterpoint Mutual Funds LLC has initiated a new investment in Philip Morris International, acquiring 10,446 shares valued at approximately $1.9 million during the second quarter.
• Several major institutional investors, including Vanguard Group and Goldman Sachs Group, have increased their stakes in Philip Morris International, indicating strong institutional interest with a total of 78.63% of shares held by institutional investors.
• Philip Morris International has announced a quarterly dividend increase to $1.47 per share, reflecting a yield of 3.6% and marking a positive change from the previous dividend payment.

Counterpoint Mutual Funds LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,446 shares of the company's stock, valued at approximately $1,903,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Philip Morris International by 0.9% in 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 period. Wellington Management Group LLP increased 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 worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. Nuveen LLC acquired a new stake in Philip Morris International during the first quarter worth about $1,712,994,000. Goldman Sachs Group Inc. grew its stake 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 worth $1,554,686,000 after buying an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake 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 worth $1,431,527,000 after buying an additional 1,635,636 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. 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. Bank of America lifted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research 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 company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $162.34 on Tuesday. The business's 50-day moving average is $166.89 and its 200 day moving average is $168.19. The firm has a market capitalization of $252.69 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.36 and a beta of 0.49. 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company 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 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 issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio 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.

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