Narwhal Capital Management Has $13.98 Million Holdings in Philip Morris International Inc. $PM

Key Points

• Narwhal Capital Management reduced its stake in Philip Morris International by 10.3%, now holding approximately $13.98 million worth of shares, which constitutes 1.1% of their investment portfolio.
• Several institutional investors, including Brighton Jones LLC and NewSquare Capital LLC, have increased their holdings in Philip Morris International, reflecting a trend of rising interest among institutional investors.
• Philip Morris International announced an increase in its quarterly dividend to $1.47 per share, up from $1.35, marking a 3.8% annual yield despite a dividend payout ratio of 111.79%.

Narwhal Capital Management lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,782 shares of the company's stock after selling 8,827 shares during the period. Philip Morris International makes up 1.1% of Narwhal Capital Management's investment portfolio, making the stock its 22nd biggest holding. Narwhal Capital Management's holdings in Philip Morris International were worth $13,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of 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 buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Philip Morris International by 2.2% in the 1st quarter. Miracle Mile Advisors LLC now owns 4,233 shares of the company's stock worth $672,000 after acquiring an additional 93 shares during the last quarter. Courier Capital LLC raised its holdings in shares of Philip Morris International by 3.2% in the 1st quarter. Courier Capital LLC now owns 4,039 shares of the company's stock worth $641,000 after acquiring an additional 125 shares during the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 191.3% in the 1st quarter. NewSquare Capital LLC now owns 600 shares of the company's stock worth $95,000 after acquiring an additional 394 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group assumed 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 on the stock. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven 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, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $195.44.

Philip Morris International Stock Up 0.6%

PM opened at $154.53 on Wednesday. The company has a market capitalization of $240.53 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 2.22 and a beta of 0.46. The firm has a 50-day moving average price of $164.57 and a 200-day moving average price of $168.67. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations 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 in the previous year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 given a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

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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