Philip Morris International Inc. $PM Shares Sold by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Philip Morris International by 47.5% during the first quarter, selling 120,870 shares and holding 133,465 shares afterwards.
• Philip Morris International reported an EPS of $1.91 for the quarter, exceeding estimates, while revenue was $10.14 billion, slightly below expectations.
• The company has a dividend yield of 3.1%, with an annualized dividend of $5.40 and a payout ratio of 102.66%.

Hotchkis & Wiley Capital Management LLC reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 47.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,465 shares of the company's stock after selling 120,870 shares during the period. Hotchkis & Wiley Capital Management LLC's holdings in Philip Morris International were worth $21,185,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the first quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International during the first quarter worth approximately $34,000. Pacifica Partners Inc. grew its position in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International during the first quarter worth approximately $35,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Philip Morris International during the first quarter worth approximately $38,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.5%

Shares of NYSE PM traded down $2.53 during mid-day trading on Wednesday, hitting $164.15. 5,162,677 shares of the company were exchanged, compared to its average volume of 6,015,266. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a 50 day simple moving average of $173.05 and a 200-day simple moving average of $166.50. The firm has a market cap of $255.51 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.43 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating 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 company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company earned $1.59 earnings per share. 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. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price 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. Bank of America raised their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. UBS Group raised their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Citigroup restated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

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.