Philip Morris International Inc. $PM Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Philip Morris International by 30.9%, selling 5,598 shares and leaving them with 12,528 shares valued at approximately $1,989,000.
• Philip Morris International recently reported $1.91 EPS for the quarter, exceeding analysts' estimates, with revenues reaching $10.14 billion, although slightly below the expected figures.
• The company declared a quarterly dividend of $1.35, marking a 3.2% yield, with a payout ratio of 102.66%.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,528 shares of the company's stock after selling 5,598 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Philip Morris International were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PM. Perigon Wealth Management LLC grew its holdings in shares of Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. boosted its stake in shares of Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after purchasing an additional 62 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after purchasing an additional 63 shares during the period. Finally, Renasant Bank boosted its stake in shares of Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after purchasing an additional 63 shares during the period. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PM shares. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. Barclays lowered their target price 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 boosted their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Needham & Company LLC reissued a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, 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 report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $186.27.

Philip Morris International Price Performance

Philip Morris International stock traded up $1.38 during trading hours on Friday, reaching $167.15. The stock had a trading volume of 5,357,997 shares, compared to its average volume of 4,950,581. The company has a market cap of $260.18 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.41 and a beta of 0.48. The business's 50 day moving average price is $172.04 and its 200-day moving average price is $166.75. 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 announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's payout ratio is currently 102.66%.

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.