Triavera Capital LLC Grows Holdings in Philip Morris International Inc. $PM

Key Points

• Triavera Capital LLC increased its stake in Philip Morris International by 5.2%, bringing its total ownership to 78,077 shares, valued at $12.39 million.
• Several hedge funds, including Brighton Jones LLC and Ethic Inc., also boosted their holdings in Philip Morris, indicating strong institutional interest, with hedge funds owning 78.63% of the stock.
• Philip Morris International reported a quarterly earnings per share of $1.91, exceeding estimates, while also announcing a quarterly dividend of $1.35 per share, reflecting a 3.3% yield.

Triavera Capital LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,077 shares of the company's stock after purchasing an additional 3,888 shares during the quarter. Philip Morris International comprises about 7.1% of Triavera Capital LLC's portfolio, making the stock its 2nd biggest position. Triavera Capital LLC's holdings in Philip Morris International were worth $12,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Finally, Bank of America increased their price target 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. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.69 during mid-day trading on Wednesday, hitting $165.43. 3,978,999 shares of the company traded hands, compared to its average volume of 6,001,343. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The stock has a market cap of $257.50 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The stock has a fifty day moving average price of $169.57 and a 200-day moving average price of $167.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is presently 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.