Philip Morris International Inc. $PM Stock Position Lowered by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its stake in Philip Morris International by 3.8%, now holding 191,625 shares valued at $34.9 million.
• Philip Morris recently declared a quarterly dividend of $1.47, marking an increase from its previous dividend of $1.35, with a yield of 3.6%.
• Analysts have a generally positive outlook, with an average target price of $189.40 and several firms maintaining "buy" ratings on the stock.

State of Alaska Department of Revenue lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 191,625 shares of the company's stock after selling 7,565 shares during the quarter. State of Alaska Department of Revenue's holdings in Philip Morris International were worth $34,900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc grew its holdings in Philip Morris International by 119.9% during the first quarter. Versant Capital Management Inc now owns 3,587 shares of the company's stock valued at $569,000 after purchasing an additional 1,956 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Philip Morris International by 8.8% in the first quarter. Moody National Bank Trust Division now owns 5,775 shares of the company's stock valued at $917,000 after buying an additional 469 shares during the period. Finally, Farmers Trust Co. boosted its holdings in Philip Morris International by 21.1% during the first quarter. Farmers Trust Co. now owns 52,574 shares of the company's stock worth $8,345,000 after purchasing an additional 9,162 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $189.40.

Philip Morris International Price Performance

NYSE PM opened at $164.70 on Friday. The stock has a market capitalization of $256.37 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.37 and a beta of 0.49. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The business's fifty day moving average is $165.55 and its 200-day moving average is $168.31.

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 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 business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business posted $1.59 EPS. The firm's quarterly 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. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is currently 102.66%.

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.

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