United Asset Strategies Inc. Sells 3,178 Shares of Philip Morris International Inc. $PM

Key Points

• United Asset Strategies Inc. has decreased its holdings in Philip Morris International Inc. by 3.9%, leaving the fund with 79,139 shares valued at approximately $12.56 million, making it the 29th largest position in their portfolio.
• Several large investors have modified their positions in Philip Morris, with institutions owning about 78.63% of the stock, indicating strong institutional interest.
• Philip Morris has received mixed analysts' ratings, with a consensus rating of "Moderate Buy" and an average target price of $186.27, reflecting varying outlooks on the stock's future performance.

United Asset Strategies Inc. reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,139 shares of the company's stock after selling 3,178 shares during the quarter. Philip Morris International makes up about 1.2% of United Asset Strategies Inc.'s portfolio, making the stock its 29th largest position. United Asset Strategies Inc.'s holdings in Philip Morris International were worth $12,562,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International in the first quarter valued at $34,000. Pacifica Partners Inc. increased 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 valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the first quarter valued at $35,000. Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International in the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in Philip Morris International in the fourth quarter valued at $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the topic of a number of research reports. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays lowered their target price on 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. Bank of America upped their target price 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Stock Down 2.6%

PM stock traded down $4.38 during trading on Monday, reaching $167.37. The stock had a trading volume of 4,800,325 shares, compared to its average volume of 6,020,980. The company's 50 day moving average is $173.69 and its two-hundred day moving average is $166.34. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a market capitalization of $260.53 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.50 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's revenue 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. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International's 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.