Philip Morris International Inc. $PM Shares Purchased by Bank of Hawaii

Key Points

• Bank of Hawaii increased its holdings in Philip Morris International by 32.7%, acquiring an additional 2,295 shares, bringing their total ownership to 9,324 shares valued at approximately $1.48 million.
• Multiple research firms raised their price targets for Philip Morris International, with Bank of America setting a new target of $200.00 and a consensus rating of "Moderate Buy" among analysts.
• Philip Morris International recently declared a quarterly dividend of $1.35, representing a 3.1% dividend yield, despite a payout ratio exceeding 100%.

Bank of Hawaii increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 32.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,324 shares of the company's stock after buying an additional 2,295 shares during the period. Bank of Hawaii's holdings in Philip Morris International were worth $1,480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Capital Analysts LLC grew its holdings in Philip Morris International by 28.8% in the fourth quarter. Capital Analysts LLC now owns 10,732 shares of the company's stock valued at $1,292,000 after purchasing an additional 2,400 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Philip Morris International by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 35,356 shares of the company's stock valued at $4,255,000 after buying an additional 1,326 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake in shares of Philip Morris International by 608.9% during the 4th quarter. Boothbay Fund Management LLC now owns 32,888 shares of the company's stock worth $3,958,000 after buying an additional 28,249 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PM. Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Barclays lowered their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

Philip Morris International Stock Down 1.6%

Shares of NYSE PM opened at $171.67 on Monday. The firm has a 50-day simple moving average of $173.69 and a 200-day simple moving average of $166.34. The stock has a market capitalization of $267.22 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

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 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 firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the business posted $1.59 earnings per share. Philip Morris International's quarterly revenue 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 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International's dividend payout ratio is 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.

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