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Town & Country Bank & Trust CO dba First Bankers Trust CO Reduces Stock Position in Philip Morris International Inc. $PM

Philip Morris International logo with Consumer Staples background

Key Points

  • Town & Country Bank & Trust CO reduced its position in Philip Morris International by 4.6% during the 2nd quarter, now holding 41,406 shares valued at $7,541,000.
  • Philip Morris International recently increased its quarterly dividend from $1.35 to $1.47 per share, with an annualized yield of 3.6%.
  • Philip Morris International reported $1.91 EPS for its latest quarter, surpassing analyst estimates, but had revenue of $10.14 billion, which was below expectations.
  • MarketBeat previews the top five stocks to own by October 1st.

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,406 shares of the company's stock after selling 2,016 shares during the quarter. Philip Morris International comprises approximately 2.8% of Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings, making the stock its 3rd largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Philip Morris International were worth $7,541,000 at the end of the most recent quarter.

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

Philip Morris International Price Performance

NYSE PM opened at $162.34 on Tuesday. The firm has a market capitalization of $252.69 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The company has a 50 day simple moving average of $166.89 and a 200-day simple moving average of $168.19. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data 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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $1.59 EPS. The company'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. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS 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 issued a dividend of $1.47 per share. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of several analyst reports. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reduced their price objective 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 reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

Read Our Latest Stock Analysis on PM

Philip Morris International Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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