Philip Morris International Inc. $PM Shares Sold by Hendley & Co. Inc.

Key Points

• Hendley & Co. Inc. reduced its stake in Philip Morris International by 32.7% in Q2, holding 9,310 shares worth approximately $1.7 million after selling 4,515 shares.
• Philip Morris International recently reported earnings per share (EPS) of $1.91, exceeding expectations, and announced a dividend increase to $1.47 per share, equating to a 3.8% yield.
• Major hedge funds, including Vanguard and Goldman Sachs, have recently increased their positions in Philip Morris International, with 78.63% of the stock owned by institutional investors.

Hendley & Co. Inc. trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 32.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,310 shares of the company's stock after selling 4,515 shares during the period. Hendley & Co. Inc.'s holdings in Philip Morris International were worth $1,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Philip Morris International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after acquiring an additional 1,189,283 shares during the period. Wellington Management Group LLP raised its position in shares of Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. Nuveen LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth approximately $1,712,994,000. Goldman Sachs Group Inc. raised its position in shares of Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.6%

PM opened at $154.53 on Wednesday. The firm has a market cap of $240.53 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth 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 company's 50-day moving average price is $164.57 and its 200 day moving average price is $168.67.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. 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 payout ratio is 111.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PM. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Needham & Company LLC restated 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, 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. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Company 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.

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