Country Club Bank Sells 5,605 Shares of Philip Morris International Inc. $PM

Key Points

• Country Club Bank reduced its stake in Philip Morris International Inc. by 7.8% during Q2, selling 5,605 shares, leaving it with 66,015 shares valued at approximately $11.95 million.
• The company announced an increase in its quarterly dividend from $1.35 to $1.47, yielding 3.8%, with plans to pay on October 20th to shareholders of record.
• Several analysts have adjusted their ratings for Philip Morris, with an overall average rating of "Moderate Buy" and a price target of $195.44, despite some downgrades in price targets from firms like Barclays and UBS.

Country Club Bank lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,015 shares of the company's stock after selling 5,605 shares during the quarter. Country Club Bank's holdings in Philip Morris International were worth $11,951,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% in the fourth 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 lifted its holdings in shares of Philip Morris International by 4.5% in the fourth 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. Charter Oak Capital Management LLC bought a new position in shares of Philip Morris International in the first quarter valued at approximately $206,000. RDA Financial Network bought a new position in shares of Philip Morris International in the first quarter valued at approximately $218,000. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Philip Morris International by 2.2% in the first quarter. Miracle Mile Advisors LLC now owns 4,233 shares of the company's stock valued at $672,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of research analyst reports. Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research report on Saturday, September 27th. UBS Group decreased their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $195.44.

Philip Morris International Price Performance

NYSE:PM opened at $153.52 on Tuesday. The business has a fifty day simple moving average of $164.73 and a two-hundred day simple moving average of $168.77. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The company has a market capitalization of $238.97 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the business posted $1.59 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is 111.79%.

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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