SWS Partners Cuts Stake in Philip Morris International Inc. $PM

Key Points

• SWS Partners reduced its holdings in Philip Morris International by 6.4%, owning 22,647 shares worth approximately $3.6 million after selling 1,559 shares.
• Philip Morris announced a quarterly dividend of $1.35 per share, with an annualized dividend of $5.40, resulting in a yield of 3.3% and a payout ratio of 102.66%.
• The company's latest earnings report revealed a 7.1% year-over-year revenue increase, with earnings per share of $1.91, exceeding expectations by $0.05.

SWS Partners trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,647 shares of the company's stock after selling 1,559 shares during the period. Philip Morris International makes up approximately 1.1% of SWS Partners' holdings, making the stock its 21st largest position. SWS Partners' holdings in Philip Morris International were worth $3,595,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PM. Vanguard Group Inc. raised its holdings in Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock worth $22,320,878,000 after acquiring an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP raised its holdings in Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Nuveen LLC purchased a new position in Philip Morris International in the 1st quarter worth approximately $1,712,994,000. Goldman Sachs Group Inc. raised its holdings in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after acquiring an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.9%

Philip Morris International stock traded up $1.49 during mid-day trading on Tuesday, hitting $163.13. The stock had a trading volume of 1,420,707 shares, compared to its average volume of 5,952,552. The firm has a market capitalization of $253.92 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.41 and a beta of 0.49. The firm's 50 day moving average is $168.50 and its 200 day moving average is $167.87. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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 company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. Philip Morris International'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. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PM. Barclays decreased their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. 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. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

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.