Hartford Investment Management Co. Trims Stock Holdings in Philip Morris International Inc. $PM

Hartford Investment Management Co. lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,002 shares of the company’s stock after selling 873 shares during the period. Philip Morris International comprises 0.5% of Hartford Investment Management Co.’s portfolio, making the stock its 26th largest position. Hartford Investment Management Co.’s holdings in Philip Morris International were worth $17,121,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Philip Morris International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after buying an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying an additional 4,563,632 shares during the last quarter. Nuveen LLC bought a new position in Philip Morris International during the 1st quarter worth approximately $1,712,994,000. Goldman Sachs Group Inc. lifted its holdings in Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after buying an additional 1,635,636 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.7%

Shares of NYSE PM opened at $164.16 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market cap of $255.53 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. The stock’s 50 day simple moving average is $165.83 and its 200 day simple moving average is $168.22.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue 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, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PM shares. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.

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.