Philip Morris International Inc. $PM Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors has reduced its holdings in Philip Morris International by 31.1%, selling 4,409 shares during the first quarter, leaving them with 9,751 shares valued at approximately $1.55 million.
• Several institutional investors increased their stakes in Philip Morris, with Cortland Associates Inc. MO boosting its holding by an impressive 704%, now owning 142,950 shares.
• Philip Morris recently declared a quarterly dividend of $1.35 per share, with a 3.2% dividend yield, despite a high dividend payout ratio of 102.66%.

Gamco Investors INC. ET AL trimmed its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 31.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,751 shares of the company's stock after selling 4,409 shares during the quarter. Gamco Investors INC. ET AL's holdings in Philip Morris International were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International in the first quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the 1st quarter valued at about $34,000. Pacifica Partners Inc. increased 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 period. Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the first quarter valued at approximately $35,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several recent research reports. KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Bank of America boosted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group boosted their target price on 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, Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Price Performance

Philip Morris International stock traded up $1.38 during trading hours on Monday, hitting $167.15. The stock had a trading volume of 5,357,997 shares, compared to its average volume of 4,840,791. The stock has a market capitalization of $260.18 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.43 and a beta of 0.49. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock's fifty day moving average is $171.68 and its two-hundred day moving average is $167.11.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. 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 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International's dividend 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.