Ruffer LLP Sells 15,888 Shares of Philip Morris International Inc. $PM

Key Points

• Ruffer LLP reduced its stake in Philip Morris International by 14.4%, selling 15,888 shares during the 2nd quarter, leaving it with 94,109 shares worth approximately $17.14 million.
• Philip Morris International reported $1.91 EPS for the last quarter, surpassing analyst estimates by $0.05, while quarterly revenue grew 7.1% year-over-year.
• The company announced an increase in its quarterly dividend to $1.47 per share, reflecting an annualized dividend yield of 3.6% and a payout ratio of 111.79%.

Ruffer LLP lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,109 shares of the company's stock after selling 15,888 shares during the quarter. Ruffer LLP's holdings in Philip Morris International were worth $17,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Philip Morris International by 31.1% in 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 in the last quarter. Revolve Wealth Partners LLC boosted 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 purchasing an additional 91 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter worth $36,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter worth $269,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Philip Morris International in the 4th quarter worth $41,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE PM opened at $163.21 on Thursday. The stock has a 50-day simple moving average of $166.14 and a two-hundred day simple moving average of $168.13. The firm has a market capitalization of $254.04 billion, a P/E ratio of 31.03, a PEG ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company's revenue was up 7.1% on a year-over-year basis. 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. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is 111.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PM shares. UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Finally, Needham & Company LLC restated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

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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