DRW Securities LLC Trims Position in Philip Morris International Inc. $PM

Key Points

• DRW Securities LLC reduced its stake in Philip Morris International Inc. by 34.2%, selling 2,752 shares and leaving it with 5,296 shares valued at approximately $837,000.
• The stock recently opened at $167.15, with a market cap of $260.18 billion and a PE ratio of 31.78.
• Philip Morris International posted better-than-expected earnings of $1.91 per share, exceeding analyst estimates, and announced a quarterly dividend of $1.35, representing an annualized yield of 3.2%.

DRW Securities LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,296 shares of the company's stock after selling 2,752 shares during the quarter. DRW Securities LLC's holdings in Philip Morris International were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the first quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International in the first quarter valued at about $34,000. Pacifica Partners Inc. raised its holdings in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $35,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at about $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Stock Up 0.3%

NYSE PM traded up $0.46 during trading hours on Friday, reaching $161.61. 4,056,667 shares of the company were exchanged, compared to its average volume of 4,938,799. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The business's 50 day simple moving average is $170.22 and its 200-day simple moving average is $167.24. The stock has a market capitalization of $251.57 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.34 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate 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%. The company's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side 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 declared 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend 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.