Philip Morris International Inc. $PM Shares Sold by Emmett Investment Management LP

Key Points

• Emmett Investment Management LP has reduced its holdings in Philip Morris International by 8.5%, now holding 44,570 shares worth approximately $7 million, making it the firm's 4th largest position.
• Philip Morris recently reported a quarterly earnings per share (EPS) of $1.91, exceeding the consensus estimate of $1.86, with a revenue of $10.14 billion.
• The company announced a quarterly dividend of $1.35, translating to an annualized yield of 3.2%, although its payout ratio stands at a high 102.66%.

Emmett Investment Management LP trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,570 shares of the company's stock after selling 4,140 shares during the period. Philip Morris International comprises about 6.4% of Emmett Investment Management LP's portfolio, making the stock its 4th largest holding. Emmett Investment Management LP's holdings in Philip Morris International were worth $7,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Tradition Wealth Management LLC lifted its stake in Philip Morris International by 1.5% in the 1st quarter. Tradition Wealth Management LLC now owns 4,267 shares of the company's stock worth $677,000 after purchasing an additional 65 shares in the last quarter. Erste Asset Management GmbH lifted its stake in Philip Morris International by 4,290.6% in the 1st quarter. Erste Asset Management GmbH now owns 389,670 shares of the company's stock worth $61,852,000 after purchasing an additional 380,795 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in Philip Morris International by 5.9% in the 1st quarter. Venture Visionary Partners LLC now owns 33,212 shares of the company's stock worth $5,272,000 after purchasing an additional 1,856 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Philip Morris International by 4.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,470 shares of the company's stock worth $5,312,000 after purchasing an additional 1,333 shares in the last quarter. Finally, JT Stratford LLC purchased a new position in Philip Morris International in the 1st quarter worth approximately $222,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM stock traded down $2.82 during trading on Friday, hitting $171.67. 4,760,485 shares of the stock traded hands, compared to its average volume of 5,604,845. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm's fifty day moving average price is $173.69 and its 200-day moving average price is $165.95. The firm has a market capitalization of $267.22 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48.

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 firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $1.59 EPS. The firm's revenue for the quarter 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 expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. 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 note on Wednesday, July 30th. Stifel Nicolaus raised their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.27.

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.