Philip Morris International Inc. $PM Shares Sold by First Bank & Trust

Key Points

• First Bank & Trust reduced its holdings in Philip Morris International by 12.0%, selling 4,330 shares and retaining 31,640 shares, which account for 1.0% of its investment portfolio worth approximately $5.76 million.
• Philip Morris International's stock is currently experiencing a 2.6% decline, with shares opening at $161.77 and a market cap of $251.80 billion.
• Wall Street analysts have varied ratings for Philip Morris International, with a consensus rating of "Moderate Buy" and an average target price of $184.91.

First Bank & Trust lowered its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,640 shares of the company's stock after selling 4,330 shares during the period. Philip Morris International makes up about 1.0% of First Bank & Trust's investment portfolio, making the stock its 17th largest holding. First Bank & Trust's holdings in Philip Morris International were worth $5,763,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% in the 1st 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 period. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $35,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $1.08 during trading on Friday, hitting $162.84. The company's stock had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The company has a fifty day simple moving average of $167.26 and a two-hundred day simple moving average of $167.91. The company has a market capitalization of $253.48 billion, a PE ratio of 30.96, a P/E/G ratio of 2.35 and a beta of 0.49. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly 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 company had revenue of $10.14 billion during 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC reiterated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Finally, Bank of America lifted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $184.91.

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.