Epoch Investment Partners Inc. Trims Stake in Philip Morris International Inc. $PM

Key Points

• Epoch Investment Partners Inc. has reduced its holdings in Philip Morris International Inc. by 9.3%, now owning 822,538 shares valued at approximately $130.56 million.
• Philip Morris reported a net income margin of 9.03% with a quarterly revenue of $10.14 billion, but fell short of analyst estimates.
• The company announced a quarterly dividend of $1.35 per share, maintaining a high payout ratio of 102.66%.

Epoch Investment Partners Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 822,538 shares of the company's stock after selling 84,514 shares during the quarter. Epoch Investment Partners Inc. owned about 0.05% of Philip Morris International worth $130,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Philip Morris International Stock Down 2.6%

PM stock opened at $167.37 on Tuesday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a fifty day simple moving average of $173.38 and a two-hundred day simple moving average of $166.50. The firm has a market capitalization of $260.53 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48.

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. 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 analyst estimates of $10.33 billion. During the same quarter last year, the business earned $1.59 earnings per share. Philip Morris International'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. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PM. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. JPMorgan Chase & Co. upped their target price 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. KGI Securities initiated coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. UBS Group upped their target price 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. Finally, Citigroup restated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

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.

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