Philip Morris International Inc. $PM Position Decreased by RBO & Co. LLC

Key Points

• RBO & Co. LLC has decreased its holdings in Philip Morris International Inc. by 3.5%, now owning 182,784 shares, valued at approximately $29 million.
• The company's recent earnings report showed a profit of $1.91 per share, exceeding analysts' expectations, but total revenue fell short of forecasts at $10.14 billion.
• Philip Morris International declared a quarterly dividend of $1.35, resulting in an annualized yield of 3.1%, despite having a dividend payout ratio of 102.66%.

RBO & Co. LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,784 shares of the company's stock after selling 6,627 shares during the quarter. Philip Morris International makes up about 4.6% of RBO & Co. LLC's investment portfolio, making the stock its 5th biggest position. RBO & Co. LLC's holdings in Philip Morris International were worth $29,013,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Perigon Wealth Management LLC lifted its stake in shares of Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC lifted its stake in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. lifted its stake in shares of Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after purchasing an additional 62 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in shares of Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after purchasing an additional 63 shares during the period. Finally, Renasant Bank lifted its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 1.6%

Shares of NYSE PM opened at $171.67 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market cap of $267.22 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 0.48. The stock has a fifty day moving average price of $173.69 and a 200 day moving average price of $165.95.

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. 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 firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is presently 102.66%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PM shares. Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Barclays dropped their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Bank of America upped their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group upped their price objective on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, KGI Securities initiated coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. 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, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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