US Bancorp DE Buys 24,226 Shares of Philip Morris International Inc. $PM

Key Points

• US Bancorp DE increased its stake in Philip Morris International Inc. by 3.7%, acquiring an additional 24,226 shares during the second quarter, bringing its total holdings to 675,930 shares valued at approximately $123 million.
• Philip Morris recently announced a quarterly dividend increase from $1.35 to $1.47, representing an annualized dividend of $5.88 and a yield of 3.8%.
• The company reported earnings of $1.91 per share for the last quarter, exceeding expectations, while also setting its Q3 2025 EPS guidance between 2.080 and 2.130.

US Bancorp DE boosted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675,930 shares of the company's stock after purchasing an additional 24,226 shares during the quarter. US Bancorp DE's holdings in Philip Morris International were worth $123,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFS Partners LLC lifted its holdings in shares of Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company's stock valued at $53,000 after purchasing an additional 58 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company's stock valued at $1,032,000 after purchasing an additional 61 shares in the last quarter. Finally, NFP Retirement Inc. lifted its holdings in shares of Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Barclays reduced their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average target price of $195.44.

Philip Morris International Price Performance

NYSE PM opened at $155.27 on Thursday. The stock has a market capitalization of $241.69 billion, a PE ratio of 29.52, a P/E/G ratio of 2.24 and a beta of 0.46. The business has a 50 day simple moving average of $164.43 and a two-hundred day simple moving average of $168.58. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $10.14 billion during 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 firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a $1.47 dividend. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.