Patton Fund Management Inc. Makes New Investment in Philip Morris International Inc. $PM

Key Points

• Patton Fund Management Inc. invested approximately $3.66 million in Philip Morris International, acquiring 20,112 shares in the second quarter, which constitutes 2.6% of their total holdings.
• Philip Morris International reported a Q2 EPS of $1.91, exceeding estimates, with revenues of $10.14 billion, although under analyst expectations of $10.33 billion.
• The company announced a dividend increase to $1.47 per share, reflecting a 3.6% yield and highlighting its commitment to returning value to shareholders despite a payout ratio exceeding 100%.

Patton Fund Management Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,112 shares of the company's stock, valued at approximately $3,663,000. Philip Morris International makes up 2.6% of Patton Fund Management Inc.'s holdings, making the stock its 16th largest holding.

A number of other institutional investors have also bought and sold shares of PM. Vanguard Group Inc. grew its position in shares of Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after purchasing an additional 1,189,283 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. Nuveen LLC purchased a new position in shares of Philip Morris International during the first quarter valued at about $1,712,994,000. Goldman Sachs Group Inc. grew its position in shares of Philip Morris International by 57.5% during 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 22.2% during 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 in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.4%

PM opened at $164.70 on Friday. The firm has a market cap of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.37 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. The stock has a 50-day moving average of $165.55 and a 200 day moving average of $168.31.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PM shares. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. UBS Group cut their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $189.40.

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.

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