Philip Morris International Inc. $PM Shares Purchased by ICONIQ Capital LLC

Key Points

• ICONIQ Capital LLC increased its stake in Philip Morris International by 30.5%, owning 7,491 shares worth approximately $1.19 million as of the latest SEC filing.
• Philip Morris reported $1.91 EPS for the last quarter, exceeding analyst expectations, although revenue of $10.14 billion fell short of estimates.
• The company announced a quarterly dividend of $1.35, with an annualized dividend yield of 3.1%, despite a high payout ratio of 102.66%.

ICONIQ Capital LLC raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,491 shares of the company's stock after buying an additional 1,752 shares during the period. ICONIQ Capital LLC's holdings in Philip Morris International were worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Oliver Luxxe Assets LLC raised its stake in Philip Morris International by 1.2% in the first quarter. Oliver Luxxe Assets LLC now owns 51,737 shares of the company's stock valued at $8,212,000 after buying an additional 611 shares in the last quarter. Napa Wealth Management acquired a new stake in Philip Morris International in the first quarter valued at $240,000. Doheny Asset Management CA raised its stake in Philip Morris International by 26.8% in the first quarter. Doheny Asset Management CA now owns 18,425 shares of the company's stock valued at $2,925,000 after buying an additional 3,895 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in Philip Morris International by 3.3% in the first quarter. Bahl & Gaynor Inc. now owns 30,872 shares of the company's stock valued at $4,900,000 after buying an additional 987 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Philip Morris International by 126.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 336,313 shares of the company's stock valued at $53,383,000 after buying an additional 187,550 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price 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. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group lifted their target price on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Stock Performance

PM traded down $2.53 during trading on Wednesday, reaching $164.15. The company's stock had a trading volume of 5,162,677 shares, compared to its average volume of 5,246,760. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company's fifty day moving average price is $173.05 and its 200-day moving average price is $166.50. The company has a market capitalization of $255.51 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's payout ratio is 102.66%.

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.