TD Private Client Wealth LLC Trims Stock Position in Philip Morris International Inc. $PM

Key Points

• TD Private Client Wealth LLC has decreased its stake in **Philip Morris International Inc.** by **9.8%**, now owning **102,878 shares** valued at **$18.7 million**.
• Several analysts have adjusted their ratings for Philip Morris, with **UBS Group** reducing the price target from **$177.00 to $166.00**, while **Bank of America** increased it from **$182.00 to $200.00**.
• Philip Morris International has increased its quarterly dividend to **$1.47**, resulting in an annualized dividend of **$5.88** and a yield of **3.6%**.

TD Private Client Wealth LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,878 shares of the company's stock after selling 11,158 shares during the period. TD Private Client Wealth LLC's holdings in Philip Morris International were worth $18,737,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. grew its holdings in shares of Philip Morris International by 14.7% during the 2nd quarter. Mather Group LLC. now owns 17,739 shares of the company's stock worth $3,231,000 after acquiring an additional 2,274 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in Philip Morris International by 0.5% in the second quarter. Foster Victor Wealth Advisors LLC now owns 96,913 shares of the company's stock worth $17,249,000 after purchasing an additional 506 shares during the period. Evanson Asset Management LLC raised its holdings in Philip Morris International by 6.1% in the second quarter. Evanson Asset Management LLC now owns 5,577 shares of the company's stock worth $1,016,000 after purchasing an additional 321 shares in the last quarter. IMS Capital Management purchased a new position in Philip Morris International during the second quarter valued at $302,000. Finally, James J. Burns & Company LLC boosted its holdings in shares of Philip Morris International by 1.0% during the 2nd quarter. James J. Burns & Company LLC now owns 7,889 shares of the company's stock valued at $1,437,000 after buying an additional 75 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PM shares. UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Bank of America boosted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Stock Performance

Shares of PM opened at $163.87 on Wednesday. The stock has a market capitalization of $255.07 billion, a PE ratio of 31.15, a P/E/G ratio of 2.35 and a beta of 0.49. The company's fifty day moving average is $166.55 and its 200 day moving average is $168.16. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 analysts' expectations of $10.33 billion. During the same period last year, the company posted $1.59 EPS. The business's revenue 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. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is 102.66%.

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.

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