CX Institutional Sells 337 Shares of Philip Morris International Inc. $PM

CX Institutional lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,556 shares of the company’s stock after selling 337 shares during the quarter. CX Institutional’s holdings in Philip Morris International were worth $1,558,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Linscomb Wealth Inc. boosted its holdings in Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after acquiring an additional 2,669 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after acquiring an additional 242,799 shares during the last quarter. 49 Wealth Management LLC boosted its holdings in Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO boosted its holdings in Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock worth $22,690,000 after acquiring an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock worth $69,695,000 after acquiring an additional 87,631 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PM shares. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. 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 started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Finally, UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.40.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $164.16 on Friday. The company has a market capitalization 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 Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company’s 50-day moving average is $165.83 and its 200 day moving average is $168.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. 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.