Diversified Trust Co Sells 13,921 Shares of Philip Morris International Inc. $PM

Key Points

• Diversified Trust Co has reduced its stake in Philip Morris International Inc. by 14.4%, selling 13,921 shares in the second quarter, resulting in a total holding of 82,885 shares valued at $15,096,000.
• Analysts maintain a consensus rating of “Moderate Buy” for Philip Morris, with twelve analysts giving a Buy rating, and a consensus target price of $184.91.
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, boosting its annualized dividend to $5.88 and reflecting a yield of 3.6%.

Diversified Trust Co reduced its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,885 shares of the company's stock after selling 13,921 shares during the period. Diversified Trust Co's holdings in Philip Morris International were worth $15,096,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the 1st quarter valued at about $34,000. Pacifica Partners Inc. grew its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the 1st quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Bank of America lifted their price target 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. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Price Performance

PM stock traded up $0.10 during midday trading on Tuesday, reaching $162.08. The company had a trading volume of 1,184,175 shares, compared to its average volume of 5,977,956. 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 $252.30 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.36 and a beta of 0.49. The firm has a 50-day moving average price of $166.89 and a 200-day moving average price of $168.19.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The business's quarterly revenue 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. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International's dividend payout ratio is currently 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.