SCS Capital Management LLC Makes New Investment in Philip Morris International Inc. $PM

Key Points

• SCS Capital Management LLC acquired a new position in Philip Morris International, purchasing 5,174 shares valued at approximately $822,000 in the first quarter.
• Analysts maintain a generally positive outlook on the stock, with a consensus price target of $184.91, reflecting several ratings including twelve "Buy" and one "Hold".
• Philip Morris recently announced a quarterly dividend of $1.35 per share, representing an annualized yield of 3.3%, despite a high dividend payout ratio of 102.66%.

SCS Capital Management LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,174 shares of the company's stock, valued at approximately $822,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Woodline Partners LP lifted its position in Philip Morris International by 40.7% in the first quarter. Woodline Partners LP now owns 131,362 shares of the company's stock valued at $20,851,000 after purchasing an additional 37,988 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Philip Morris International by 29.9% in the first quarter. Empowered Funds LLC now owns 159,906 shares of the company's stock worth $25,382,000 after buying an additional 36,767 shares during the period. MBB Public Markets I LLC bought a new stake in Philip Morris International during the 1st quarter valued at $332,000. Adalta Capital Management LLC boosted its position in Philip Morris International by 13.4% during the 1st quarter. Adalta Capital Management LLC now owns 4,240 shares of the company's stock valued at $679,000 after buying an additional 500 shares during the period. Finally, Ascent Group LLC grew its holdings in Philip Morris International by 73.3% in the 1st quarter. Ascent Group LLC now owns 74,626 shares of the company's stock worth $11,845,000 after acquiring an additional 31,576 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE PM traded down $1.72 during trading hours on Friday, reaching $166.18. 3,691,351 shares of the company's stock traded hands, compared to its average volume of 4,931,464. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a 50-day simple moving average of $168.89 and a 200 day simple moving average of $167.64. The firm has a market cap of $258.67 billion, a PE ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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. 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 firm earned $1.59 earnings per share. The business's revenue for the quarter 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 forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of 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. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Twelve 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.