Philip Morris International Inc. $PM Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd has reduced its holdings in Philip Morris International Inc. by 2.4%, selling 2,213 shares during the first quarter, resulting in total holdings of 88,387 shares valued at approximately $14 million.
• Several hedge funds, including Goldman Sachs Group Inc. and Wellington Management Group LLP, have significantly increased their positions in Philip Morris International, indicating a trend of institutional investment in the company.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Philip Morris International, with an average target price of $186.27, reflecting confidence in the company's future performance.

Taikang Asset Management Hong Kong Co Ltd trimmed its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,387 shares of the company's stock after selling 2,213 shares during the quarter. Philip Morris International makes up about 1.9% of Taikang Asset Management Hong Kong Co Ltd's holdings, making the stock its 13th biggest position. Taikang Asset Management Hong Kong Co Ltd's holdings in Philip Morris International were worth $14,030,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Perigon Wealth Management LLC grew its position in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC grew its position in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. grew its position in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after buying an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the last quarter. Finally, Renasant Bank grew its position in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after buying an additional 63 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 1.5%

NYSE:PM traded down $2.53 during trading hours on Wednesday, hitting $164.15. The stock had a trading volume of 5,162,677 shares, compared to its average volume of 5,246,760. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The business has a 50 day simple moving average of $172.68 and a two-hundred day simple moving average of $166.49. The company has a market cap of $255.51 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company 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 company earned $1.59 earnings per share. Philip Morris International'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. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup restated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. UBS Group boosted their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.