Newport Trust Company LLC Reduces Stake in Philip Morris International Inc. $PM

Key Points

• Newport Trust Company LLC reduced its stake in Philip Morris International by 1.5%, holding 498,345 shares valued at approximately $79 million after selling 7,464 shares.
• Philip Morris reported Q2 earnings of $1.91 EPS, exceeding the consensus estimate of $1.86, while its revenue fell slightly short of expectations at $10.14 billion.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $186.27 per share.

Newport Trust Company LLC cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 498,345 shares of the company's stock after selling 7,464 shares during the quarter. Newport Trust Company LLC's holdings in Philip Morris International were worth $79,102,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norinchukin Bank The lifted its stake in Philip Morris International by 15.6% in the first quarter. Norinchukin Bank The now owns 82,550 shares of the company's stock valued at $13,103,000 after buying an additional 11,139 shares during the period. CW Advisors LLC lifted its stake in Philip Morris International by 385.8% in the first quarter. CW Advisors LLC now owns 57,683 shares of the company's stock valued at $9,123,000 after buying an additional 45,808 shares during the period. Kaufman Rossin Wealth LLC acquired a new position in Philip Morris International in the first quarter valued at approximately $445,000. Dorsey & Whitney Trust CO LLC lifted its stake in Philip Morris International by 5.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 11,305 shares of the company's stock valued at $1,794,000 after buying an additional 616 shares during the period. Finally, Tradition Wealth Management LLC lifted its stake in Philip Morris International by 1.5% in the first quarter. Tradition Wealth Management LLC now owns 4,267 shares of the company's stock valued at $677,000 after buying an additional 65 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 1.6%

Shares of PM stock traded down $2.82 on Friday, hitting $171.67. 4,760,485 shares of the stock were exchanged, compared to its average volume of 5,615,668. The firm has a market capitalization of $267.22 billion, a PE ratio of 32.64, a P/E/G ratio of 2.50 and a beta of 0.48. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The firm's 50 day moving average is $173.69 and its two-hundred day moving average is $166.34.

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 the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.1%. Philip Morris International's dividend payout ratio is presently 102.66%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average 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.