DoubleLine ETF Adviser LP Reduces Position in Philip Morris International Inc. $PM

Key Points

• DoubleLine ETF Adviser LP has reduced its stake in Philip Morris International Inc. by 24%, now holding 28,286 shares worth approximately $4.49 million.
• Shares opened at $163.18, with a market cap of $254.01 billion, showing a 7.1% year-over-year revenue increase despite a slightly disappointing earnings report compared to analyst estimates.
• Philip Morris International recently announced a quarterly dividend of $1.35 per share, representing a 3.3% yield and a payout ratio of 102.66%.

DoubleLine ETF Adviser LP lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 24.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,286 shares of the company's stock after selling 8,937 shares during the quarter. Philip Morris International comprises about 1.5% of DoubleLine ETF Adviser LP's investment portfolio, making the stock its 15th biggest position. DoubleLine ETF Adviser LP's holdings in Philip Morris International were worth $4,490,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Philip Morris International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after buying an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 purchasing an additional 4,563,632 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Philip Morris International during the first quarter worth $1,712,994,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 purchasing an additional 1,635,636 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PM shares. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of Philip Morris International in a report on Thursday. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, UBS Group reduced their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Trading Up 0.6%

Shares of PM traded up $0.99 during midday trading on Monday, reaching $162.54. 6,054,630 shares of the company were exchanged, compared to its average volume of 6,026,120. The stock has a 50-day moving average price of $170.22 and a 200-day moving average price of $167.47. The company has a market cap of $253.00 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 2.34 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 issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Philip Morris International Company 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.