Kentucky Trust Co Sells 145 Shares of Philip Morris International Inc. $PM

Kentucky Trust Co decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,719 shares of the company’s stock after selling 145 shares during the quarter. Kentucky Trust Co’s holdings in Philip Morris International were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Nuveen LLC bought a new position in shares of Philip Morris International during the first quarter worth $1,712,994,000. Wellington Management Group LLP boosted its position in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after acquiring an additional 4,464,590 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after acquiring an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company 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. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $184.91.

Philip Morris International Trading Up 1.2%

Shares of PM opened at $163.87 on Wednesday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market cap of $255.07 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.35 and a beta of 0.49. The company’s fifty day simple moving average is $166.55 and its 200-day simple moving average is $168.16.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating 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 business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. 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 announced 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 is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s payout ratio is currently 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.