Sepio Capital LP Sells 5,724 Shares of Philip Morris International Inc. $PM

Key Points

• Sepio Capital LP sold 5,724 shares of Philip Morris International Inc., reducing its stake by 16.1%, leaving it with 29,924 shares valued at approximately $4.75 million.
• Philip Morris recently reported earnings of $1.91 per share, exceeding analysts' expectations of $1.86, despite a revenue miss with $10.14 billion compared to the expected $10.33 billion.
• The company announced a quarterly dividend of $1.35, resulting in an annualized yield of 3.3%, although the dividend payout ratio stands at a notably high 102.66%.

Sepio Capital LP lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,924 shares of the company's stock after selling 5,724 shares during the period. Sepio Capital LP's holdings in Philip Morris International were worth $4,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International in the first quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the first quarter worth approximately $34,000. Pacifica Partners Inc. grew its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the 1st quarter valued at $35,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Philip Morris International in the first quarter worth $35,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. UBS Group lowered their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Citigroup restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Barclays lowered 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 note on Wednesday, July 30th. Finally, KGI Securities began coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Trading Down 1.2%

Shares of Philip Morris International stock traded down $2.01 during trading on Friday, reaching $165.89. The company's stock had a trading volume of 1,403,671 shares, compared to its average volume of 5,967,795. The stock has a 50-day moving average price of $169.14 and a two-hundred day moving average price of $167.58. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The stock has a market capitalization of $258.22 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business posted $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.