Main Street Group LTD Decreases Stake in Philip Morris International Inc. $PM

Key Points

• Main Street Group LTD has reduced its stake in Philip Morris International Inc. by 37.5%, now holding 4,488 shares valued at approximately $817,000.
• The company recently reported earnings of $1.91 per share, exceeding analysts' expectations and showing a 7.1% increase in revenue compared to the previous year.
• Philip Morris International announced a dividend increase to $1.47 per share, resulting in a 3.6% yield, and will be payable on October 20th.

Main Street Group LTD decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 37.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,488 shares of the company's stock after selling 2,694 shares during the period. Main Street Group LTD's holdings in Philip Morris International were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $83,000. Ameriflex Group Inc. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Great Valley Advisor Group Inc. raised its position in Philip Morris International by 6.1% during the fourth quarter. Great Valley Advisor Group Inc. now owns 20,643 shares of the company's stock valued at $2,484,000 after acquiring an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM opened at $163.87 on Wednesday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The stock has a market capitalization of $255.07 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.35 and a beta of 0.49. The stock has a 50 day moving average price of $166.55 and a 200 day moving average price of $168.16.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company's revenue for the quarter 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, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

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.

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