Vident Advisory LLC Raises Stock Position in Philip Morris International Inc. $PM

Key Points

• Vident Advisory LLC increased its stake in Philip Morris International by 93.2% during the first quarter, owning over 50,000 shares valued at approximately $7.94 million.
• Philip Morris reported a quarterly EPS of $1.91, surpassing estimates, while revenue rose by 7.1% year-over-year, totaling $10.14 billion.
• The latest data shows that institutional investors collectively own 78.63% of Philip Morris International’s stock, reflecting strong institutional interest.

Vident Advisory LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 93.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,028 shares of the company's stock after buying an additional 24,130 shares during the quarter. Vident Advisory LLC's holdings in Philip Morris International were worth $7,941,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its holdings in Philip Morris International by 6.5% during the first quarter. Evergreen Capital Management LLC now owns 14,648 shares of the company's stock valued at $2,344,000 after purchasing an additional 896 shares in the last quarter. Clough Capital Partners L P lifted its holdings in shares of Philip Morris International by 73.4% in the first quarter. Clough Capital Partners L P now owns 214,071 shares of the company's stock worth $33,979,000 after buying an additional 90,591 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Philip Morris International by 62.6% in the first quarter. Driehaus Capital Management LLC now owns 6,935 shares of the company's stock worth $1,101,000 after buying an additional 2,669 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Philip Morris International in the first quarter worth $238,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Philip Morris International by 3.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 3,273 shares of the company's stock worth $520,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 1.7%

Shares of Philip Morris International stock traded down $2.76 during midday trading on Thursday, hitting $160.46. The company had a trading volume of 2,952,762 shares, compared to its average volume of 6,007,731. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market cap of $249.78 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.43 and a beta of 0.49. The company has a fifty day simple moving average of $171.00 and a 200 day simple moving average of $167.08.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $1.59 EPS. Philip Morris International'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. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced 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 3.4%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 102.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Barclays cut their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.