SeaCrest Wealth Management LLC Sells 2,409 Shares of Philip Morris International Inc. $PM

Key Points

• SeaCrest Wealth Management LLC reduced its holdings in Philip Morris International Inc. by 11% in Q2, holding 19,475 shares valued at approximately $3.55 million.
• Philip Morris reported earnings per share of $1.91 for the last quarter, exceeding analysts' expectations, with a revenue of $10.14 billion indicating a 7.1% year-over-year growth.
• The company increased its quarterly dividend to $1.47, marking a rise from the previous $1.35, with an annualized yield of 3.6%.

SeaCrest Wealth Management LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,475 shares of the company's stock after selling 2,409 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Philip Morris International were worth $3,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the first quarter worth $30,000. CBIZ Investment Advisory Services LLC boosted its stake in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter valued at $34,000. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter worth about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM traded down $0.61 during mid-day trading on Monday, reaching $162.34. 5,686,262 shares of the company's stock traded hands, compared to its average volume of 5,993,959. The stock has a market cap of $252.69 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.36 and a beta of 0.49. The stock's 50-day moving average is $167.26 and its two-hundred day moving average is $168.11. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company 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 $1.47 dividend. 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. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is currently 111.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their price target 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 initiated coverage on Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, UBS Group lowered 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. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.91.

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.