North Star Investment Management Corp. Sells 3,400 Shares of Philip Morris International Inc. $PM

Key Points

• North Star Investment Management Corp. has reduced its stake in Philip Morris International by 26.7%, selling 3,400 shares and owning a total of 9,332 shares valued at approximately $1.7 million.
• Philip Morris International recently announced a quarterly dividend of $1.47 per share, with a positive yield of 3.6%, marking an increase from the previous dividend of $1.35.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average target price set at $189.40, reflecting a bullish outlook.

North Star Investment Management Corp. decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 26.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,332 shares of the company's stock after selling 3,400 shares during the period. North Star Investment Management Corp.'s holdings in Philip Morris International were worth $1,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Abound Wealth Management boosted its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International in the 1st quarter valued at about $34,000. Finally, Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective 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. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $189.40.

Philip Morris International Trading Up 0.7%

Shares of NYSE:PM opened at $164.16 on Friday. The firm has a 50 day moving average of $165.83 and a 200-day moving average of $168.22. The stock has a market capitalization of $255.53 billion, a PE ratio of 31.21, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results 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%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors 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 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. Philip Morris International's dividend payout ratio is currently 102.66%.

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.

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