MetLife Investment Management LLC Decreases Stake in Philip Morris International Inc. $PM

Key Points

• MetLife Investment Management LLC has reduced its stake in Philip Morris International Inc. by 1.9%, now holding $64.10 million worth of shares.
• Philip Morris recently reported a quarterly earnings per share (EPS) of $1.91, surpassing analysts' expectations, but revenue was $10.14 billion, below the anticipated $10.33 billion.
• The stock has seen a range between a 52-week low of $116.12 and a high of $186.69, currently priced at $171.67.

MetLife Investment Management LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 403,848 shares of the company's stock after selling 7,689 shares during the period. MetLife Investment Management LLC's holdings in Philip Morris International were worth $64,103,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PM. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the 1st quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International in the first quarter valued at $34,000. Pacifica Partners Inc. raised its stake in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $35,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Philip Morris International stock traded down $2.53 during trading on Wednesday, reaching $164.15. The company had a trading volume of 5,162,677 shares, compared to its average volume of 5,246,760. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock's 50 day moving average price is $173.05 and its two-hundred day moving average price is $166.50. The firm has a market capitalization of $255.51 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.42 and a beta of 0.48.

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 analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PM shares. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup restated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. UBS Group increased their target price on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group began coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

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.