ERn Financial LLC Cuts Holdings in Philip Morris International Inc. $PM

Key Points

• ERn Financial LLC reduced its stake in Philip Morris International Inc. by 51.4% in the second quarter, selling 1,896 shares and holding 1,796 shares worth $327,000 at the time of its SEC filing.
• UBS Group and other analysts have adjusted target prices for Philip Morris, with UBS lowering its target from $177.00 to $166.00, while JPMorgan Chase raised its target from $175.00 to $190.00.
• Philip Morris International announced a quarterly dividend increase from $1.35 to $1.47 per share, representing an annualized yield of 3.6%.

ERn Financial LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 51.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,796 shares of the company's stock after selling 1,896 shares during the quarter. ERn Financial LLC's holdings in Philip Morris International were worth $327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Investors Research Corp boosted its holdings in Philip Morris International by 38.0% during the first quarter. Investors Research Corp now owns 458 shares of the company's stock worth $73,000 after purchasing an additional 126 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Philip Morris International by 21.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 31,757 shares of the company's stock worth $5,041,000 after purchasing an additional 5,686 shares during the last quarter. Finally, Sterneck Capital Management LLC purchased a new position in Philip Morris International in the first quarter valued at about $219,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PM shares. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $189.40.

Philip Morris International Trading Up 0.4%

Shares of PM stock opened at $164.70 on Monday. The stock has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a PEG ratio of 2.38 and a beta of 0.49. The firm's 50 day moving average is $165.55 and its 200 day moving average is $168.55. 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 for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates 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 was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International's payout ratio 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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