Thomasville National Bank Sells 3,716 Shares of Philip Morris International Inc. $PM

Key Points

• Thomasville National Bank reduced its holdings in Philip Morris International Inc. by 8.5% during the 2nd quarter, now owning 39,858 shares valued at approximately $7.26 million.
• Philip Morris International recently increased its quarterly dividend to $1.47, resulting in an annualized yield of 3.6%.
• Wall Street analysts have mixed opinions, with a consensus rating of "Moderate Buy" and a target price averaging $184.91 per share, although some analysts have downgraded their ratings.

Thomasville National Bank reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,858 shares of the company's stock after selling 3,716 shares during the period. Thomasville National Bank's holdings in Philip Morris International were worth $7,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the first quarter valued at about $34,000. Pacifica Partners Inc. boosted its position in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the first quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE PM traded up $0.21 during trading hours on Tuesday, reaching $162.19. The company's stock had a trading volume of 1,389,228 shares, compared to its average volume of 5,979,069. The firm has a fifty day simple moving average of $166.89 and a 200-day simple moving average of $168.19. The stock has a market cap of $252.47 billion, a P/E ratio of 30.87, a P/E/G 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. 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 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 $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is 102.66%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. UBS Group reduced 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 report on Friday, September 5th. Barclays cut 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 research report on Wednesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Finally, Wall Street Zen cut shares of 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.