Public Employees Retirement System of Ohio Sells 18,718 Shares of Philip Morris International Inc. $PM

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Philip Morris International by 2.7%, selling 18,718 shares, and now owns 666,527 shares valued at approximately $121.4 million.
• Philip Morris International recently increased its quarterly dividend by 8.9% to $1.47 per share, reflecting a yield of 3.6%.
• Analysts' ratings vary, with Barclays and UBS decreasing their price targets, while Bank of America raised its target, leading to a consensus rating of "Moderate Buy" with an average price target of $184.91.

Public Employees Retirement System of Ohio cut its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,527 shares of the company's stock after selling 18,718 shares during the period. Public Employees Retirement System of Ohio's holdings in Philip Morris International were worth $121,395,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Perigon Wealth Management LLC boosted its position in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC boosted its position in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. boosted its position in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares during the last quarter. Cranbrook Wealth Management LLC boosted its position in Philip Morris International by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company's stock valued at $185,000 after buying an additional 62 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its position in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Trading Up 1.2%

Shares of Philip Morris International stock opened at $163.87 on Wednesday. The company has a market capitalization of $255.07 billion, a PE ratio of 31.15, a PEG ratio of 2.35 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock's fifty day simple moving average is $166.55 and its 200 day simple moving average is $168.16.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The business 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%.The firm's 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. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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