Philip Morris International Inc. $PM Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners trimmed its Philip Morris International stake by 2.3% in Q1, though it still held 526,258 shares valued at about $87.0 million.
• Philip Morris reported a strong Q2 earnings beat, with EPS of $2.20 and revenue of $11.19 billion both topping estimates, driven by growth in smoke-free products and the ZYN brand.
• Despite the upbeat quarter, the company cut full-year EPS guidance; meanwhile, analysts remain broadly positive, with multiple price target increases and a consensus rating of Moderate Buy.

Epoch Investment Partners Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 526,258 shares of the company's stock after selling 12,339 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Philip Morris International were worth $87,011,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Bollard Group LLC raised its position in Philip Morris International by 0.6% in the first quarter. Bollard Group LLC now owns 61,234 shares of the company's stock worth $10,124,000 after acquiring an additional 393 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Philip Morris International by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company's stock valued at $1,635,000 after purchasing an additional 66 shares in the last quarter. Modern Wealth Management LLC boosted its position in shares of Philip Morris International by 8.5% during the 1st quarter. Modern Wealth Management LLC now owns 25,159 shares of the company's stock valued at $3,958,000 after purchasing an additional 1,971 shares in the last quarter. Keebeck Wealth Management grew its stake in shares of Philip Morris International by 15.5% in the 1st quarter. Keebeck Wealth Management now owns 8,333 shares of the company's stock worth $1,390,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Inceptionr LLC grew its stake in shares of Philip Morris International by 54.3% in the 1st quarter. Inceptionr LLC now owns 13,464 shares of the company's stock worth $2,226,000 after purchasing an additional 4,738 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International News Roundup

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage
• Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage
• Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand
• Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn't Enough At This Price
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken

Wall Street Analysts Forecast Growth

PM has been the topic of several research reports. Morgan Stanley upped their price target on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday. Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a "buy" rating in a research report on Friday. Finally, UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $202.00.

Philip Morris International Stock Up 0.9%

NYSE PM opened at $192.84 on Friday. The stock has a market capitalization of $300.55 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $199.78. The company has a 50 day moving average price of $182.79 and a two-hundred day moving average price of $175.46.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. Philip Morris International's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 8.37 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's dividend payout ratio is presently 84.48%.

Philip Morris International Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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