Steph & Co. Reduces Position in Philip Morris International Inc. $PM

Steph & Co. reduced its position in Philip Morris International Inc. (NYSE:PM) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,967 shares of the company’s stock after selling 455 shares during the quarter. Steph & Co.’s holdings in Philip Morris International were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Abound Wealth Management grew its holdings in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Philip Morris International in the first quarter worth $34,000. Finally, Pacifica Partners Inc. increased its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after buying an additional 115 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PM shares. Jefferies Financial Group started 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 objective for the company. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target 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. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $189.40.

Philip Morris International Trading Up 0.7%

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

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The company 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%.Philip Morris International’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 102.66%.

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.