Philip Morris International Inc. $PM Shares Sold by Mechanics Bank Trust Department

Key Points

• Mechanics Bank Trust Department reduced its holdings in Philip Morris International by 16.1%, selling 3,495 shares, and currently owns 18,216 shares valued at approximately $3.32 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs Group, have increased their positions in Philip Morris, highlighting a strong interest in the stock.
• Philip Morris has recently increased its quarterly dividend from $1.35 to $1.47 per share, representing an annualized dividend yield of 3.6%.

Mechanics Bank Trust Department reduced its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,216 shares of the company's stock after selling 3,495 shares during the period. Mechanics Bank Trust Department's holdings in Philip Morris International were worth $3,318,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PM. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted 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 purchasing an additional 91 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Philip Morris International during the fourth quarter valued at about $83,000. Invst LLC lifted its holdings in Philip Morris International by 5.2% in the fourth quarter. Invst LLC now owns 4,813 shares of the company's stock worth $579,000 after buying an additional 237 shares during the period. Finally, Forum Financial Management LP boosted its position in Philip Morris International by 21.0% during the 4th quarter. Forum Financial Management LP now owns 12,856 shares of the company's stock valued at $1,547,000 after acquiring an additional 2,234 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.4%

Philip Morris International stock traded down $0.61 during midday trading on Monday, reaching $162.34. The stock had a trading volume of 5,735,002 shares, compared to its average volume of 5,532,723. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a fifty day moving average of $166.89 and a 200 day moving average of $168.19. The firm has a market cap of $252.69 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. Philip Morris International's quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is presently 102.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Bank of America increased their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.