Kovitz Investment Group Partners LLC Cuts Position in Philip Morris International Inc. $PM

Key Points

• Kovitz Investment Group Partners LLC reduced its stake in Philip Morris International Inc. by 77.9%, now holding 1,207,724 shares valued at approximately $191.70 million.
• Analysts have a consensus rating of "Moderate Buy" for PM, with a price target range from $181.00 to $220.00 set by various financial institutions.
• Philip Morris International reported $1.91 earnings per share for the last quarter, exceeding analyst expectations, and has a dividend yield of 3.3%.

Kovitz Investment Group Partners LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 77.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,207,724 shares of the company's stock after selling 4,245,561 shares during the quarter. Philip Morris International accounts for approximately 1.0% of Kovitz Investment Group Partners LLC's investment portfolio, making the stock its 22nd biggest position. Kovitz Investment Group Partners LLC owned about 0.08% of Philip Morris International worth $191,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International during the first quarter worth about $34,000. Pacifica Partners Inc. increased its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the first quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating for the company. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently 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 $2.18 during mid-day trading on Tuesday, reaching $168.78. The stock had a trading volume of 1,162,030 shares, compared to its average volume of 6,033,931. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a market capitalization of $262.72 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.42 and a beta of 0.48. The company has a 50-day moving average price of $174.55 and a two-hundred day moving average price of $165.29.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS 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 company had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm posted $1.59 earnings per share. Philip Morris International's revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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