Great Lakes Advisors LLC Sells 6,239 Shares of Philip Morris International Inc. $PM

Key Points

• Great Lakes Advisors LLC reduced its stake in Philip Morris International Inc. by 2.2%, selling 6,239 shares and holding a total of 281,842 shares valued at $44.7 million.
• The company's recent earnings report showed $1.91 earnings per share, exceeding analysts' expectations, despite a 9.03% net margin and a negative return on equity of -120.86%.
• Philip Morris International announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 3.3%, with a payout ratio of 102.66%.

Great Lakes Advisors LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,842 shares of the company's stock after selling 6,239 shares during the period. Great Lakes Advisors LLC's holdings in Philip Morris International were worth $44,737,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PM. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International during the 1st quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter worth about $34,000. Pacifica Partners Inc. boosted its stake in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter worth about $35,000. Finally, 1 North Wealth Services LLC bought a new stake in Philip Morris International during the first quarter worth about $35,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $161.61 on Monday. The stock has a market capitalization of $251.57 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.34 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. The company has a 50-day simple moving average of $170.22 and a two-hundred day simple moving average of $167.47.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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 business had revenue of $10.14 billion during 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 business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is presently 102.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group dropped their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday. Finally, 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 objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $184.91.

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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