Philip Morris International Inc. $PM Shares Sold by Viking Fund Management LLC

Key Points

• Viking Fund Management LLC has reduced its stake in Philip Morris International by 25.5%, selling 12,000 shares during the second quarter, leaving them with 35,000 shares valued at approximately $6.37 million.
• Philip Morris International has recently announced a quarterly dividend increase to $1.47 per share, representing an annualized dividend yield of 3.6%, despite having a dividend payout ratio of 102.66%.
• According to analysts, Philip Morris has an average price target of $184.91, with most ratings being a “Moderate Buy” following a mixed reception from research reports in the recent weeks.

Viking Fund Management LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 25.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 35,000 shares of the company's stock after selling 12,000 shares during the period. Viking Fund Management LLC's holdings in Philip Morris International were worth $6,375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International during the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International during the 1st quarter worth about $34,000. Pacifica Partners Inc. lifted its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth about $35,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on PM shares. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Stock Performance

Shares of PM stock traded up $0.29 during trading hours on Tuesday, reaching $162.27. The company had a trading volume of 1,389,228 shares, compared to its average volume of 5,979,069. The stock has a fifty day moving average of $166.89 and a 200-day moving average of $168.19. The company has a market capitalization of $252.59 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month 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 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 analysts' expectations of $10.33 billion. During the same period last year, the firm earned $1.59 earnings per share. The company'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. On average, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is presently 102.66%.

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.