First Manhattan CO. LLC. Decreases Stake in Philip Morris International Inc. $PM

Key Points

• First Manhattan CO. LLC. reduced its stake in Philip Morris International by 0.2%, owning roughly 1.87 million shares, which accounts for 0.9% of its investment portfolio.
• Several other institutional investors, like Brighton Jones LLC and Aptus Capital Advisors LLC, have recently adjusted their positions, with Brighton Jones increasing its stake by 31.1%.
• Analysts have mixed reviews on the stock, with the consensus rating being a "Moderate Buy" and an average price target of $186.27.

First Manhattan CO. LLC. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,867,724 shares of the company's stock after selling 4,560 shares during the period. Philip Morris International makes up about 0.9% of First Manhattan CO. LLC.'s portfolio, making the stock its 24th biggest position. First Manhattan CO. LLC. owned about 0.12% of Philip Morris International worth $298,552,000 as of its most recent SEC filing.

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

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.46 during midday trading on Friday, reaching $161.61. 4,056,667 shares of the company were exchanged, compared to its average volume of 4,938,799. The company has a market capitalization of $251.57 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.34 and a beta of 0.49. The firm's 50-day simple moving average is $170.22 and its 200-day simple moving average is $167.24. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. 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 fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays cut 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 report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average 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.