Wedge Capital Management L L P NC Reduces Position in Philip Morris International Inc. $PM

Key Points

• Wedge Capital Management reduced its position in Philip Morris International by 24.5%, bringing its holdings down to 165,256 shares worth approximately $30 million.
• Philip Morris recently announced a quarterly dividend increase to $1.47, representing a 3.6% dividend yield, with the payout scheduled for October 20th.
• Philip Morris reported $1.91 EPS for the last quarter, exceeding estimates, and set guidance for Q3 2025 earnings between 2.080-2.130 EPS.

Wedge Capital Management L L P NC cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 24.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,256 shares of the company's stock after selling 53,679 shares during the quarter. Wedge Capital Management L L P NC's holdings in Philip Morris International were worth $30,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC grew its holdings in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after buying an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International during the 1st quarter valued at $34,000. Pacifica Partners Inc. raised its holdings in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE:PM opened at $162.84 on Friday. The stock's 50-day simple moving average is $167.26 and its 200 day simple moving average is $167.91. The company has a market cap of $253.48 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.35 and a beta of 0.49. 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 announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The company 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 for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio is currently 102.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group dropped their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $184.91.

About Philip Morris International

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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