Harrell Investment Partners LLC Sells 3,624 Shares of Philip Morris International Inc. $PM

Key Points

• Harrell Investment Partners LLC reduced its stake in Philip Morris International by 68.1%, selling 3,624 shares, and now holds 1,695 shares valued at approximately $309,000.
• Despite the sale by Harrell, other large institutional investors like Nuveen LLC and Wellington Management Group LLP notably increased their stakes in Philip Morris, indicating strong interest in the stock.
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, reflecting a solid annualized yield of 3.6%, albeit with a challenging payout ratio of 102.66%.

Harrell Investment Partners LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 68.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,695 shares of the company's stock after selling 3,624 shares during the period. Harrell Investment Partners LLC's holdings in Philip Morris International were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PM. Nuveen LLC bought a new stake in Philip Morris International in the first quarter worth $1,712,994,000. Wellington Management Group LLP increased its position in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. GAMMA Investing LLC increased its position in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Philip Morris International by 22.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Barclays dropped their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. UBS Group dropped their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. lifted 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. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Trading Down 0.3%

Shares of PM opened at $163.21 on Thursday. The firm has a market capitalization of $254.04 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a fifty day moving average price of $166.14 and a 200-day moving average price of $168.13.

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, beating analysts' consensus estimates of $1.86 by $0.05. The firm 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%. The business's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. 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 is an increase from Philip Morris International's previous quarterly dividend of $1.35. 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. Philip Morris International's payout ratio is presently 102.66%.

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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