BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 372 Shares of Philip Morris International Inc. $PM

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Philip Morris International Inc. (NYSE:PM) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,355 shares of the company’s stock after selling 372 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Philip Morris International were worth $47,199,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Trinity Legacy Partners LLC bought a new position in shares of Philip Morris International during the first quarter worth approximately $240,000. Sax Wealth Advisors LLC increased its holdings in shares of Philip Morris International by 51.3% during the first quarter. Sax Wealth Advisors LLC now owns 8,858 shares of the company’s stock worth $1,406,000 after purchasing an additional 3,002 shares during the period. Blue Whale Capital LLP increased its holdings in shares of Philip Morris International by 5.6% during the first quarter. Blue Whale Capital LLP now owns 479,695 shares of the company’s stock worth $76,142,000 after purchasing an additional 25,540 shares during the period. Allstate Corp increased its holdings in shares of Philip Morris International by 2.9% during the first quarter. Allstate Corp now owns 47,577 shares of the company’s stock worth $7,552,000 after purchasing an additional 1,333 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in shares of Philip Morris International by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 149,858 shares of the company’s stock worth $23,787,000 after purchasing an additional 10,209 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PM. Citigroup reaffirmed an “overweight” rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating on the stock. Bank of America raised their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.27.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $171.67 on Friday. The company’s 50 day simple moving average is $173.69 and its 200 day simple moving average is $165.95. The stock has a market capitalization of $267.22 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. 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) 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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the business earned $1.59 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, June 27th. Philip Morris International’s dividend payout ratio is presently 102.66%.

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.