Kestra Investment Management LLC Sells 7,529 Shares of Philip Morris International Inc. $PM

Key Points

• Kestra Investment Management LLC significantly reduced its holdings in Philip Morris International by 64.1%, selling 7,529 shares and holding 4,215 shares worth approximately $675,000.
• Wall Street analysts show mixed views on Philip Morris, with JPMorgan Chase & Co. raising the target price to $190.00 while UBS Group lowered its price objective to $166.00.
• Philip Morris International recently declared a quarterly dividend of $1.35, achieving a yield of 3.3% amidst a payout ratio of 102.66%.

Kestra Investment Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 64.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,215 shares of the company's stock after selling 7,529 shares during the period. Kestra Investment Management LLC's holdings in Philip Morris International were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Perigon Wealth Management LLC lifted its holdings in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after buying an additional 60 shares during the period. TBH Global Asset Management LLC lifted its holdings in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after buying an additional 61 shares during the period. NFP Retirement Inc. lifted its holdings in Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after buying an additional 62 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after buying an additional 63 shares during the period. Finally, Renasant Bank lifted its holdings in Philip Morris International by 3.3% during the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after buying an additional 63 shares during the period. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PM. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $161.61 on Monday. The company has a market capitalization of $251.57 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.34 and a beta of 0.49. The business's 50-day moving average is $170.22 and its 200-day moving average is $167.47. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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 company 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%.The firm's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 3.3%. Philip Morris International's dividend 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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