Secure Asset Management LLC Sells 5,652 Shares of Philip Morris International Inc. $PM

Key Points

• Secure Asset Management LLC has reduced its stake in Philip Morris International Inc. by 37.2%, selling 5,652 shares and holding 9,527 shares worth approximately $1.735 million at the end of the second quarter.
• Analysts have mixed viewpoints on Philip Morris, with a shift from a "buy" to a "hold" rating by Wall Street Zen, while JPMorgan Chase raised its price target from $175 to $190.
• The company reported earnings of $1.91 per share in its latest quarter, slightly exceeding analyst expectations, and has a current average consensus target price of $184.91.

Secure Asset Management LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 37.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,527 shares of the company's stock after selling 5,652 shares during the quarter. Secure Asset Management LLC's holdings in Philip Morris International were worth $1,735,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PM. Perigon Wealth Management LLC increased its stake in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC increased its stake in Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the last quarter. NFP Retirement Inc. grew its position in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after acquiring an additional 62 shares during the period. Capital Advisors Wealth Management LLC grew its position in Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after acquiring an additional 63 shares during the period. Finally, Renasant Bank boosted its position in shares of Philip Morris International by 3.3% in the first quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after buying an additional 63 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. UBS Group lowered 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. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Stock Performance

NYSE PM traded down $1.50 on Monday, hitting $161.45. The stock had a trading volume of 2,299,600 shares, compared to its average volume of 5,985,252. The firm has a 50-day moving average of $167.26 and a 200-day moving average of $168.11. The company has a market capitalization of $251.32 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International's dividend payout ratio (DPR) is currently 111.79%.

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.