Kathmere Capital Management LLC Acquires 3,552 Shares of Philip Morris International Inc. $PM

Key Points

• Kathmere Capital Management LLC increased its stake in Philip Morris International by 16.1%, acquiring an additional 3,552 shares during the second quarter, bringing its total holdings to 25,573 shares valued at approximately $4.66 million.
• Several institutional investors, including Goldman Sachs Group Inc. and Wellington Management Group LLP, have significantly increased their holdings in Philip Morris International, with 78.63% of the stock now owned by such investors.
• Philip Morris International recently declared a quarterly dividend of $1.47 per share, reflecting a boost from the previous dividend and an annualized yield of 3.6%, despite a >100% dividend payout ratio.

Kathmere Capital Management LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,573 shares of the company's stock after acquiring an additional 3,552 shares during the period. Kathmere Capital Management LLC's holdings in Philip Morris International were worth $4,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Nuveen LLC bought a new position in Philip Morris International during the first quarter worth about $1,712,994,000. Wellington Management Group LLP lifted its holdings in shares of 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 valued at $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 valued at $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $1,554,686,000 after purchasing an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 valued at $1,431,527,000 after purchasing an additional 1,635,636 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PM. UBS Group cut their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America boosted their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $189.40.

Philip Morris International Stock Performance

NYSE:PM opened at $164.70 on Friday. The stock's 50-day simple moving average is $165.55 and its 200 day simple moving average is $168.31. The company has a market cap of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.37 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.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 business had revenue of $10.14 billion for 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%.Philip Morris International's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business 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 analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

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