Magnetar Financial LLC Sells 35,435 Shares of Philip Morris International Inc. $PM

Key Points

• Magnetar Financial LLC significantly reduced its stake in Philip Morris International Inc. by 95.6%, selling 35,435 shares and holding only 1,636 shares valued at $260,000 at the end of the quarter.
• Philip Morris recently reported an EPS of $1.91 for the last quarter, exceeding estimates, but its quarterly revenue of $10.14 billion fell short of analyst expectations.
• The company announced a quarterly dividend of $1.35, resulting in a 3.2% yield, with a current dividend payout ratio of 102.66%.

Magnetar Financial LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 95.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,636 shares of the company's stock after selling 35,435 shares during the quarter. Magnetar Financial LLC's holdings in Philip Morris International were worth $260,000 as of its most recent SEC filing.

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

Philip Morris International Trading Up 0.3%

Shares of NYSE PM traded up $0.46 during mid-day trading on Friday, hitting $161.61. The company had a trading volume of 4,056,667 shares, compared to its average volume of 4,938,799. 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. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The stock's 50-day moving average price is $170.22 and its 200-day moving average price is $167.36.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The firm's quarterly 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. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.3%. Philip Morris International's payout ratio is 102.66%.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group lowered their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday. 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 on the stock. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Citigroup restated a "buy" rating on shares of Philip Morris International in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

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.