Philip Morris International Inc. $PM Shares Sold by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management LLC reduced its holdings in Philip Morris International Inc. by 42.7%, owning 48,293 shares after selling 35,926 shares in the second quarter.
• The company recently announced an increase in its quarterly dividend to $1.47, reflecting a yield of 3.8% and a payout ratio of 111.79%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Philip Morris, with an average target price of $195.44, and a mix of "buy" and "hold" ratings from various firms.

Euro Pacific Asset Management LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 42.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,293 shares of the company's stock after selling 35,926 shares during the period. Philip Morris International comprises 1.4% of Euro Pacific Asset Management LLC's portfolio, making the stock its 23rd largest position. Euro Pacific Asset Management LLC's holdings in Philip Morris International were worth $8,793,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. PFS Partners LLC raised its position in shares of Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company's stock valued at $53,000 after acquiring an additional 58 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC raised its position in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after buying an additional 61 shares in the last quarter. Uncommon Cents Investing LLC grew its holdings in Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company's stock worth $1,032,000 after acquiring an additional 61 shares during the period. Finally, NFP Retirement Inc. increased its holdings in shares of Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PM shares. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research note on Saturday, September 27th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $195.44.

Philip Morris International Price Performance

NYSE PM opened at $153.09 on Monday. The stock has a market capitalization of $238.30 billion, a PE ratio of 29.10, a PEG ratio of 2.22 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The business has a fifty day moving average price of $164.82 and a two-hundred day moving average price of $168.76.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 120.86% and a net margin of 9.03%.The business 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 posted $1.59 EPS. Philip Morris International's quarterly revenue 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, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is currently 111.79%.

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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