Philip Morris International Inc. $PM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 29.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,213 shares of the company's stock after selling 7,576 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Philip Morris International were worth $3,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Abound Wealth Management grew its position in shares of Philip Morris International by 566.7% in 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 bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 worth $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $34,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $154.53 on Wednesday. The business's fifty day moving average price is $164.57 and its two-hundred day moving average price is $168.67. The company has a market capitalization of $240.53 billion, a P/E ratio of 29.38, a PEG ratio of 2.22 and a beta of 0.46. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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. 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 for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The company'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. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. Jefferies Financial Group assumed coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Saturday, September 27th. Finally, Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.44.

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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