Secure Asset Management LLC Decreases Position in 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 lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 37.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,527 shares of the company's stock after selling 5,652 shares during the period. Secure Asset Management LLC's holdings in Philip Morris International were worth $1,735,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Perigon Wealth Management LLC grew its holdings in shares of Philip Morris International by 0.4% during 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 during the last quarter. TBH Global Asset Management LLC grew its holdings in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after acquiring an additional 61 shares during the last quarter. NFP Retirement Inc. grew its holdings in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after acquiring an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after acquiring an additional 63 shares during the last quarter. Finally, Renasant Bank grew its holdings in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE PM traded down $0.61 during trading hours on Monday, reaching $162.34. 5,735,002 shares of the company's stock traded hands, compared to its average volume of 5,532,723. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a market cap of $252.69 billion, a PE ratio of 30.86, a PEG ratio of 2.36 and a beta of 0.49. The firm has a 50-day simple moving average of $166.89 and a 200 day simple moving average of $168.19.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the company posted $1.59 EPS. Philip Morris International's revenue 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. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International's dividend payout ratio is 102.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. UBS Group cut their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $184.91.

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.