Price T Rowe Associates Inc. MD Cuts Stake in Philip Morris International Inc. $PM

Key Points

• Price T Rowe Associates Inc. reduced its stake in Philip Morris International Inc. by 15.8% during the first quarter, now holding approximately 12.9 million shares worth over $2 billion.
• Several research firms have increased price targets for Philip Morris International, with JPMorgan raising its target from $175 to $190 and Jefferies setting a target of $220.
• The company recently announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 3.1%, despite a payout ratio exceeding 102%.

Price T Rowe Associates Inc. MD lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,924,792 shares of the company's stock after selling 2,422,066 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.83% of Philip Morris International worth $2,051,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Philip Morris International by 31.1% during the 4th 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 period. Revolve Wealth Partners LLC grew 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 worth $252,000 after buying an additional 91 shares during the last quarter. Transce3nd LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $41,000. TD Waterhouse Canada Inc. increased its stake in shares of Philip Morris International by 18.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 23,462 shares of the company's stock valued at $2,823,000 after buying an additional 3,652 shares during the period. Finally, Pinebridge Investments L.P. raised its holdings in shares of Philip Morris International by 122.8% during the fourth quarter. Pinebridge Investments L.P. now owns 51,438 shares of the company's stock valued at $6,191,000 after acquiring an additional 28,353 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded down $4.38 on Monday, reaching $167.37. The stock had a trading volume of 4,779,339 shares, compared to its average volume of 6,011,545. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The stock has a market cap of $260.53 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. The company has a 50 day simple moving average of $173.69 and a 200 day simple moving average of $166.34.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Barclays reduced their price objective on 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. Jefferies Financial Group assumed coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.