Triangle Securities Wealth Management Decreases Position in Philip Morris International Inc. $PM

Key Points

• Triangle Securities Wealth Management reduced its holdings in Philip Morris International by 27.3% in the second quarter, resulting in ownership of 5,359 shares valued at $976,000.
• Investment firms like Vanguard and Goldman Sachs have increased their stakes in Philip Morris International, highlighting strong institutional interest in the company.
• Analysts show mixed ratings, with the stock receiving both upgrades and downgrades, leading to an average rating of "Moderate Buy" and a target price of $184.91.

Triangle Securities Wealth Management reduced its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 27.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,359 shares of the company's stock after selling 2,013 shares during the quarter. Triangle Securities Wealth Management's holdings in Philip Morris International were worth $976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the last quarter. Woodline Partners LP purchased a new position in Philip Morris International in the fourth quarter valued at about $11,238,000. Waverly Advisors LLC grew its stake in Philip Morris International by 21.2% in the fourth quarter. Waverly Advisors LLC now owns 27,761 shares of the company's stock valued at $3,341,000 after purchasing an additional 4,852 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $302,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM traded up $1.08 during trading on Friday, reaching $162.84. The company had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The firm has a market capitalization of $253.48 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The stock's fifty day moving average price is $167.26 and its 200 day moving average price is $168.01. 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 released its 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. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PM shares. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. Finally, Barclays cut their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. 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 company presently has an average rating of "Moderate Buy" and an average price target of $184.91.

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.