Venture Visionary Partners LLC Cuts Position in Philip Morris International Inc. $PM

Key Points

• Venture Visionary Partners LLC has reduced its position in Philip Morris International by 16.8% during the second quarter, now holding 27,631 shares valued at approximately $5 million.
• The company recently announced an increased quarterly dividend of $1.47 per share, up from $1.35, which indicates a dividend yield of 3.6%.
• Philip Morris International reported earnings of $1.91 EPS for the last quarter, exceeding analysts' estimates, despite a slight revenue miss of $10.14 billion versus expectations of $10.33 billion.

Venture Visionary Partners LLC decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,631 shares of the company's stock after selling 5,581 shares during the quarter. Venture Visionary Partners LLC's holdings in Philip Morris International were worth $5,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Nuveen LLC purchased a new stake in Philip Morris International in the first quarter valued at approximately $1,712,994,000. Wellington Management Group LLP raised its position in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. raised its position in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 22.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Philip Morris International by 111.1% in the first quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company's stock worth $473,660,000 after acquiring an additional 1,580,368 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 1.2%

Shares of PM stock opened at $162.84 on Tuesday. The firm has a fifty day moving average price of $165.19 and a 200 day moving average price of $168.63. The company has a market cap of $253.48 billion, a P/E ratio of 30.96, a PEG ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. UBS Group dropped 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. Finally, Barclays dropped their price target on shares of 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. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $189.40.

Philip Morris International Company 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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