Philip Morris International Inc. $PM Shares Sold by Norden Group LLC

Key Points

• Norden Group LLC has reduced its stake in Philip Morris International Inc. by 9.5%, now holding 46,367 shares valued at approximately $8,445,000.
• Analysts have varying perspectives on Philip Morris, with JPMorgan upgrading the target price to $190.00 while UBS has lowered theirs to $166.00, and the overall consensus rating remains at "Moderate Buy".
• The company recently announced an increase in its quarterly dividend to $1.47 per share, representing a yield of 3.6% and indicating a commitment to returning value to shareholders.

Norden Group LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 46,367 shares of the company's stock after selling 4,867 shares during the period. Philip Morris International makes up approximately 0.9% of Norden Group LLC's holdings, making the stock its 17th largest holding. Norden Group LLC's holdings in Philip Morris International were worth $8,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abound Wealth Management lifted its position in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC raised its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International in the 1st quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. raised its position in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. UBS Group cut their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Twelve research 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 company has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Up 1.2%

Shares of NYSE PM opened at $163.87 on Wednesday. The company has a market capitalization of $255.07 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49. The business has a 50 day simple moving average of $166.55 and a 200-day simple moving average of $168.16. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm 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 revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts predict 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 paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Philip Morris International 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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