Strs Ohio Purchases New Stake in Philip Morris International Inc. $PM

Key Points

• Strs Ohio has acquired a new stake in Philip Morris International Inc., purchasing 675,705 shares valued at approximately $107.25 million in the first quarter.
• JPMorgan Chase & Co. raised their price target for Philip Morris shares from $175.00 to $190.00, while Needham & Company set their price target at $195.00, reinforcing a generally positive outlook among analysts.
• Philip Morris recently declared a quarterly dividend of $1.35, translating to an annualized dividend yield of 3.3%, despite a payout ratio exceeding 100%.

Strs Ohio purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 675,705 shares of the company's stock, valued at approximately $107,255,000.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PM shares. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. 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. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Citigroup reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. 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 Price Performance

Shares of NYSE:PM opened at $165.43 on Thursday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a market capitalization of $257.50 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.39 and a beta of 0.49. The firm's 50 day simple moving average is $169.36 and its two-hundred day simple moving average is $167.50.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's payout ratio is currently 102.66%.

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.

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