Philip Morris International Inc. $PM Shares Sold by UNIVEST FINANCIAL Corp

Key Points

• UNIVEST FINANCIAL Corp reduced its Philip Morris stake by 7.2% in the second quarter, selling 5,509 shares and retaining 71,404 shares valued at approximately $12.9 million.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $205.89; several firms recently raised their targets to as high as $225.
• Philip Morris exceeded quarterly earnings and revenue estimates, reporting $2.20 in EPS and $11.19 billion in revenue. The company also maintains a $1.47 quarterly dividend, equivalent to a 3.1% yield.

UNIVEST FINANCIAL Corp decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,404 shares of the company's stock after selling 5,509 shares during the period. UNIVEST FINANCIAL Corp's holdings in Philip Morris International were worth $12,918,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PM. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International in the second quarter valued at $29,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its stake in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. bought a new position in Philip Morris International during the fourth quarter valued at about $28,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Citigroup lifted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Morgan Stanley boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Barclays increased their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Trading Up 1.8%

NYSE:PM opened at $187.77 on Wednesday. The business's fifty day moving average price is $185.60 and its 200 day moving average price is $178.12. The firm has a market capitalization of $292.66 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company posted $1.89 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is currently 84.48%.

Philip Morris International Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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