Doheny Asset Management CA Purchases 3,895 Shares of Philip Morris International Inc. $PM

Key Points

• Doheny Asset Management CA increased its stake in Philip Morris International Inc. by 26.8%, owning 18,425 shares worth approximately $2.9 million after purchasing an additional 3,895 shares.
• Several institutional investors made significant changes to their positions in Philip Morris, with notable increases from firms like Nuveen LLC and Wellington Management Group, raising their stakes substantially.
• Analysts maintain a generally positive outlook on the stock, with a consensus rating of "Moderate Buy" and a price target averaging around $186.27.

Doheny Asset Management CA lifted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,425 shares of the company's stock after purchasing an additional 3,895 shares during the quarter. Philip Morris International accounts for approximately 2.3% of Doheny Asset Management CA's holdings, making the stock its 13th biggest holding. Doheny Asset Management CA's holdings in Philip Morris International were worth $2,925,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PM. Nuveen LLC bought a new stake in shares of Philip Morris International in the 1st quarter worth about $1,712,994,000. Wellington Management Group LLP grew its holdings in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Philip Morris International by 57.5% during the 1st 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. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. UBS Group upped their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $171.67 on Friday. The company has a market capitalization of $267.22 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 0.48. The firm's 50 day simple moving average is $173.69 and its 200 day simple moving average is $165.95. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results 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 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%. Philip Morris International's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) 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.

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