Raleigh Capital Management Inc. Sells 6,829 Shares of Philip Morris International Inc. $PM

Key Points

• Raleigh Capital Management Inc. reduced its stake in Philip Morris International by 35.2%, selling 6,829 shares and owning 12,566 shares by the end of the second quarter.
• Philip Morris International recently announced a quarterly dividend increase to $1.47 per share, representing an annual yield of 3.6% and a payout ratio of 102.66%.
• Analysts have a consensus rating of "Moderate Buy" for Philip Morris International, with an average target price of $189.40, indicating optimism about the company's future performance.

Raleigh Capital Management Inc. lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 35.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,566 shares of the company's stock after selling 6,829 shares during the quarter. Philip Morris International makes up about 1.0% of Raleigh Capital Management Inc.'s investment portfolio, making the stock its 18th largest holding. Raleigh Capital Management Inc.'s holdings in Philip Morris International were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. grew its stake in Philip Morris International by 3.3% in the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after purchasing an additional 2,669 shares during the period. Mackenzie Financial Corp grew its stake in shares of Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after acquiring an additional 242,799 shares during the last quarter. 49 Wealth Management LLC grew its stake in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO grew its stake in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after acquiring an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after acquiring an additional 87,631 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $162.84 on Tuesday. The stock has a market cap of $253.48 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. The stock has a 50 day moving average price of $165.19 and a 200-day moving average price of $168.63. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 in the previous year, the business earned $1.59 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share 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. Investors of record on Friday, October 3rd will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is currently 102.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PM shares. UBS Group lowered their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays lowered their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $189.40.

Philip Morris International 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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