Philip Morris International Inc. $PM is Huber Capital Management LLC's 6th Largest Position

Key Points

• Huber Capital Management LLC has increased its stake in Philip Morris International by 9.3%, owning a total of 117,859 shares valued at approximately $18.7 million.
• Various institutional investors have also increased their positions in Philip Morris, including Vanguard and Goldman Sachs, indicating a strong market interest in the stock.
• Philip Morris International recently reported earnings per share of $1.91, exceeding expectations, and announced a quarterly dividend of $1.35 per share, reflecting a solid commitment to shareholder returns.

Huber Capital Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,859 shares of the company's stock after buying an additional 10,000 shares during the period. Philip Morris International comprises about 3.5% of Huber Capital Management LLC's holdings, making the stock its 6th largest holding. Huber Capital Management LLC's holdings in Philip Morris International were worth $18,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PM. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 91 shares during the period. AdvisorShares Investments LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $289,000. Schonfeld Strategic Advisors LLC lifted its holdings in Philip Morris International by 149.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 104,073 shares of the company's stock worth $12,525,000 after buying an additional 62,323 shares in the last quarter. Finally, Voleon Capital Management LP purchased a new position in Philip Morris International in the 4th quarter valued at approximately $6,091,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM traded up $1.38 during mid-day trading on Friday, reaching $167.15. The company's stock had a trading volume of 5,357,997 shares, compared to its average volume of 4,950,581. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market cap of $260.18 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.43 and a beta of 0.48. The company's 50 day moving average is $172.04 and its 200 day moving average is $166.87.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly 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 the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. 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 fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PM. UBS Group upped their price objective 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. Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Bank of America lifted their price objective on 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $186.27.

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.