LFG Wealth Partners LLC Trims Stock Holdings in Philip Morris International Inc. $PM

Key Points

• LFG Wealth Partners cut its Philip Morris International stake by 90.9% in the second quarter, selling 14,860 shares and retaining 1,493 shares valued at approximately $270,000.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; the stock has a “Moderate Buy” consensus and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with $2.20 EPS and $11.19 billion in revenue, while paying a quarterly dividend of $1.47 per share, equivalent to a 3.1% annual yield.

LFG Wealth Partners LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 90.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the company's stock after selling 14,860 shares during the quarter. LFG Wealth Partners LLC's holdings in Philip Morris International were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors grew its position in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after buying an additional 11,013,173 shares in the last quarter. Capital World Investors grew its position in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after buying an additional 3,579,399 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Philip Morris International by 12.0% in the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock worth $2,848,919,000 after buying an additional 1,847,421 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock worth $23,300,088,000 after buying an additional 1,793,949 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the topic of a number of research analyst reports. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 2nd. Finally, Citigroup lifted their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Stock Performance

NYSE:PM opened at $190.40 on Monday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The business has a fifty day moving average of $185.23 and a 200-day moving average of $178.02. The stock has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is currently 84.48%.

Philip Morris International Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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