Pictet North America Advisors SA Sells 3,011 Shares of Philip Morris International Inc. $PM

Key Points

• Pictet North America Advisors SA reduced its stake in Philip Morris International by 10.7%, selling 3,011 shares and holding 25,200 shares worth approximately $4.59 million at the end of Q2.
• Philip Morris International reported Q2 earnings of $1.91 per share, surpassing analyst expectations, and announced an increased quarterly dividend of $1.47 per share set for October 20th, up from $1.35.
• Institutional investors and hedge funds collectively own 78.63% of Philip Morris International's stock, indicating strong institutional interest in the company.

Pictet North America Advisors SA lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,200 shares of the company's stock after selling 3,011 shares during the period. Pictet North America Advisors SA's holdings in Philip Morris International were worth $4,590,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International in the 1st quarter valued at about $34,000. Finally, Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE PM opened at $162.34 on Tuesday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a 50-day simple moving average of $166.89 and a 200 day simple moving average of $168.19. The company has a market capitalization of $252.69 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company posted $1.59 earnings per share. 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. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays lowered their price objective 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. KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. 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, Bank of America boosted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $184.91.

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.

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