Philip Morris International Inc. $PM Shares Sold by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel Inc. reduced its stake in Philip Morris International by 41.4%, bringing its total holdings to 2,966 shares worth approximately $540,000.
• Philip Morris International declared an increased quarterly dividend of $1.47 per share, up from the previous $1.35, reflecting an annualized yield of 3.8%.
• Despite a current stock price of $153.09, analysts maintain a consensus rating of "Moderate Buy" with a price target averaging around $195.44.

ZWJ Investment Counsel Inc. cut its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 41.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,966 shares of the company's stock after selling 2,092 shares during the period. ZWJ Investment Counsel Inc.'s holdings in Philip Morris International were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Fermata Advisors LLC purchased a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $408,000. Chesley Taft & Associates LLC lifted its position in shares of Philip Morris International by 1.1% in the 1st quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company's stock valued at $1,032,000 after acquiring an additional 72 shares in the last quarter. Finally, Retirement Planning Group LLC purchased a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $269,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. UBS Group reduced their price target 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 reduced their price target 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. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research report on Saturday, September 27th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Stock Down 3.1%

PM stock opened at $153.09 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market cap of $238.30 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.28 and a beta of 0.46. The company has a 50 day moving average of $164.82 and a two-hundred day moving average of $168.54.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 earned $1.59 EPS. The company's 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. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS 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. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is currently 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.

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