United Services Automobile Association Has $5.63 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• United Services Automobile Association significantly reduced its stake in Philip Morris International by 92.8%, leaving it with only 36,264 shares valued at approximately $5.6 million as reported in its latest SEC filing.
• Despite the stake reduction by United Services, other institutional investors like Brighton Jones LLC and Focus Partners Wealth have increased their holdings in Philip Morris, indicating a complex and varied institutional interest in the company.
• Philip Morris International recently announced a quarterly dividend of $1.35 per share, translating to an annual yield of 3.3%, while also reporting an EPS of $1.91 for the last quarter, exceeding analyst expectations.

United Services Automobile Association cut its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 92.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,264 shares of the company's stock after selling 466,285 shares during the period. United Services Automobile Association's holdings in Philip Morris International were worth $5,627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PM. Nuveen LLC bought a new stake in Philip Morris International in the first quarter valued at $1,712,994,000. Wellington Management Group LLP grew its position in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. GAMMA Investing LLC grew its position in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after acquiring an additional 4,464,590 shares during the period. Goldman Sachs Group Inc. grew its position in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Philip Morris International by 22.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after acquiring an additional 1,635,636 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock traded down $1.72 on Friday, reaching $166.18. The company's stock had a trading volume of 3,690,264 shares, compared to its average volume of 5,981,336. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market cap of $258.67 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.40 and a beta of 0.49. The business's fifty day moving average price is $169.14 and its 200 day moving average price is $167.58.

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 the consensus estimate 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 business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The firm's revenue for the quarter 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 analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on PM shares. Barclays lowered their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective 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 assigned a Hold rating to the company's stock. According to MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

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.