Philip Morris International Inc. $PM Stock Holdings Trimmed by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC has reduced its stake in Philip Morris International by 5.3%, now owning approximately 2.2 million shares worth around $351 million, making it the firm's 8th largest position.
• Several institutional investors have increased their holdings in Philip Morris, with notable increases including a 79.0% rise from 49 Wealth Management LLC and a 704.0% increase from Cortland Associates.
• Philip Morris has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $186.27 and multiple recent upgrades from firms including Bank of America and UBS Group.

Lord Abbett & CO. LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,211,057 shares of the company's stock after selling 124,289 shares during the period. Philip Morris International accounts for approximately 1.3% of Lord Abbett & CO. LLC's portfolio, making the stock its 8th biggest holding. Lord Abbett & CO. LLC owned about 0.14% of Philip Morris International worth $350,961,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PM. Linscomb Wealth Inc. increased its position in Philip Morris International by 3.3% in the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after acquiring an additional 2,669 shares during the period. Mackenzie Financial Corp grew its position in Philip Morris International by 7.3% in the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after buying an additional 242,799 shares during the last quarter. 49 Wealth Management LLC increased its stake in Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after buying an additional 2,354 shares during the period. Cortland Associates Inc. MO raised its position in Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after acquiring an additional 87,631 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

PM stock traded up $1.5760 during trading on Tuesday, hitting $168.1760. The stock had a trading volume of 1,069,653 shares, compared to its average volume of 6,033,029. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a market cap of $261.78 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The company's 50 day moving average price is $174.55 and its two-hundred day moving average price is $165.29.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The company's 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, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is presently 102.66%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PM shares. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays decreased their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Citigroup reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $186.27.

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.