Parkwood LLC Reduces Holdings in Philip Morris International Inc. $PM

Key Points

• Parkwood LLC has reduced its stake in Philip Morris International Inc. by 49.2% during the first quarter, selling 71,008 shares and leaving it with 73,405 shares valued at approximately $11.65 million.
• A consensus rating of "Moderate Buy" has been assigned to Philip Morris International by analysts, with an average target price of $184.91, while recent earnings exceeded expectations with an EPS of $1.91.
• The company maintains a dividend yield of 3.3%, with a quarterly payout of $1.35, although it has a dividend payout ratio of over 100%, indicating potential concerns about sustainability.

Parkwood LLC lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 49.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,405 shares of the company's stock after selling 71,008 shares during the period. Parkwood LLC's holdings in Philip Morris International were worth $11,652,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Philip Morris International by 0.9% in the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after buying an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. Nuveen LLC purchased a new stake in Philip Morris International in the first quarter valued at approximately $1,712,994,000. Goldman Sachs Group Inc. grew its holdings in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Philip Morris International by 22.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after purchasing an additional 1,635,636 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PM. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Citigroup restated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America boosted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $2.12 during midday trading on Tuesday, hitting $164.84. 3,844,364 shares of the company's stock traded hands, compared to its average volume of 4,988,222. The company has a market cap of $256.59 billion, a PE ratio of 31.34, a P/E/G ratio of 2.36 and a beta of 0.49. The firm's fifty day moving average price is $169.57 and its two-hundred day moving average price is $167.51. 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 posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The business'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. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

About Philip Morris International

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.