Channing Capital Management LLC Sells 12,582 Shares of Philip Morris International Inc. $PM

Key Points

• Channing Capital Management LLC reduced its stake in Philip Morris International Inc. by 15.7%, owning 67,456 shares valued at approximately $10.7 million after selling 12,582 shares in the first quarter.
• Analysts have mixed views on the stock, with Citigroup and Jefferies Financial Group maintaining "overweight" and "buy" ratings, while Barclays lowered its target price from $225.00 to $220.00.
• Philip Morris International recently reported earnings of $1.91 per share, exceeding expectations, despite a revenue of $10.14 billion that fell short of estimates.

Channing Capital Management LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,456 shares of the company's stock after selling 12,582 shares during the quarter. Channing Capital Management LLC's holdings in Philip Morris International were worth $10,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in PM. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International during the first quarter worth about $34,000. Pacifica Partners Inc. raised its position in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International during the first quarter worth about $35,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth about $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock traded down $4.38 during mid-day trading on Monday, reaching $167.37. The stock had a trading volume of 4,800,325 shares, compared to its average volume of 6,020,980. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock's 50-day simple moving average is $173.69 and its 200-day simple moving average is $166.34. The firm has a market capitalization of $260.53 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the firm posted $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, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International's payout ratio is presently 102.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PM shares. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, UBS Group upped their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

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.