Douglass Winthrop Advisors LLC Reduces Stake in Philip Morris International Inc. $PM

Key Points

• Douglass Winthrop Advisors LLC has reduced its stake in Philip Morris International by 10.8% during the first quarter, now holding 20,790 shares valued at approximately $3.3 million.
• Multiple research firms have revised their price targets for Philip Morris International, with JPMorgan Chase raising it from $175.00 to $190.00 and UBS increasing theirs from $170.00 to $181.00.
• Philip Morris International recently announced a quarterly dividend of $1.35 per share, representing an annualized yield of 3.1% and reflects a dividend payout ratio of 102.66%.

Douglass Winthrop Advisors LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,790 shares of the company's stock after selling 2,524 shares during the period. Douglass Winthrop Advisors LLC's holdings in Philip Morris International were worth $3,300,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Perigon Wealth Management LLC grew its holdings in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC lifted its position in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. grew its stake in shares of Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after acquiring an additional 62 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after acquiring an additional 63 shares during the last quarter. Finally, Renasant Bank increased its holdings in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on PM. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. UBS Group raised their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Finally, Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Trading Down 1.6%

Shares of NYSE:PM opened at $171.67 on Friday. The company has a 50 day moving average of $173.69 and a 200 day moving average of $165.95. The stock has a market cap of $267.22 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 0.48. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Philip Morris International 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.

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