Fifth Third Bancorp Raises Holdings in Philip Morris International Inc. $PM

Key Points

• Fifth Third Bancorp increased its holdings in Philip Morris International Inc. by 3.9% in Q2, owning 563,903 shares worth $102.7 million.
• Philip Morris reported $1.91 EPS for the last quarter, surpassing the consensus estimate of $1.86, though revenue fell short at $10.14 billion.
• The company announced a quarterly dividend of $1.47 per share, marking an increase from the previous dividend of $1.35.

Fifth Third Bancorp increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 563,903 shares of the company's stock after purchasing an additional 21,401 shares during the quarter. Fifth Third Bancorp's holdings in Philip Morris International were worth $102,704,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC increased its position in shares of Philip Morris International by 0.4% during 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 position in shares of Philip Morris International by 0.9% during 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 position in shares of Philip Morris International by 2.5% during 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 position in shares of Philip Morris International by 2.1% during 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 position in shares of Philip Morris International by 3.3% during 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. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.2%

Shares of Philip Morris International stock opened at $163.87 on Wednesday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The business's fifty day simple moving average is $166.55 and its 200-day simple moving average is $168.16. The firm has a market cap of $255.07 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results 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 negative return on equity of 120.86% and a net margin of 9.03%.The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share 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 paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is currently 102.66%.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Barclays lowered their price objective on 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. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group began coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

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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