Janney Montgomery Scott LLC Cuts Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Janney Montgomery Scott LLC reduced its holdings in Philip Morris International Inc. by 1.4% in Q2, retaining 522,526 shares valued at approximately $95.2 million after selling 7,287 shares.
• Various hedge funds increased their positions in Philip Morris with Abound Wealth Management boosting its holdings by 566.7% during the same quarter.
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, up from $1.35, representing a yield of 3.6% with a dividend payout ratio of 102.66%.

Janney Montgomery Scott LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,526 shares of the company's stock after selling 7,287 shares during the quarter. Janney Montgomery Scott LLC's holdings in Philip Morris International were worth $95,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Abound Wealth Management boosted its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after buying an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International in the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International in the 1st quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the 1st quarter worth about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Barclays lowered their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, 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 note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.40.

Philip Morris International Stock Down 1.2%

Shares of PM opened at $162.84 on Tuesday. The business's 50-day moving average price is $165.19 and its 200-day moving average price is $168.63. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a market cap of $253.48 billion, a PE ratio of 30.96, a P/E/G ratio of 2.38 and a beta of 0.49.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The company's revenue 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. Analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is currently 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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