Alliancebernstein L.P. Raises Holdings in Philip Morris International Inc. $PM

Alliancebernstein L.P. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,918,341 shares of the company’s stock after acquiring an additional 205,369 shares during the quarter. Alliancebernstein L.P. owned 0.32% of Philip Morris International worth $780,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International during the 1st quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Philip Morris International during the 1st quarter valued at about $34,000. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Philip Morris International during the 1st quarter valued at about $35,000. Finally, 1 North Wealth Services LLC purchased a new stake in Philip Morris International during the 1st quarter valued at about $35,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $167.36 on Wednesday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a market capitalization of $260.52 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.43 and a beta of 0.49. The stock has a 50 day moving average price of $171.33 and a 200-day moving average price of $167.11.

Philip Morris International (NYSE:PM) last announced its 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 negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The business’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. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is 102.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Citigroup reiterated an “overweight” rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $186.27.

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.