Greenleaf Trust Raises Stake in Philip Morris International Inc. $PM

Key Points

• Greenleaf Trust increased its stake in Philip Morris International Inc. by 7.1% in the second quarter, holding a total of 37,609 shares valued at approximately $6.85 million.
• Analysts have rated Philip Morris with a consensus of "Moderate Buy" and set a target price of $189.40, with notable analysts recently raising their price objectives.
• The company announced a quarterly dividend increase to $1.47 per share, representing a dividend yield of 3.6%, and will be paid on October 20th.

Greenleaf Trust raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,609 shares of the company's stock after acquiring an additional 2,493 shares during the period. Greenleaf Trust's holdings in Philip Morris International were worth $6,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Philip Morris International during the 1st quarter valued at $1,712,994,000. Wellington Management Group LLP boosted its position in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after buying an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after buying an additional 1,635,636 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Philip Morris International by 111.1% in the first quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company's stock worth $473,660,000 after buying an additional 1,580,368 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. Barclays cut 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 report on Wednesday, July 30th. Finally, Citigroup reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.40.

Philip Morris International Stock Performance

NYSE PM opened at $162.84 on Tuesday. The stock has a market cap of $253.48 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock has a 50 day simple moving average of $165.19 and a two-hundred day simple moving average of $168.63.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company earned $1.59 earnings per share. The firm's revenue for the quarter 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. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend 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 payout ratio is presently 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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