Blair William & Co. IL Sells 6,705 Shares of Philip Morris International Inc. $PM

Blair William & Co. IL cut its holdings in Philip Morris International Inc. (NYSE:PM) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 184,704 shares of the company’s stock after selling 6,705 shares during the period. Blair William & Co. IL’s holdings in Philip Morris International were worth $33,640,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Linscomb Wealth Inc. raised its position in Philip Morris International by 3.3% in the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after buying an additional 2,669 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Philip Morris International by 7.3% in the first 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 period. 49 Wealth Management LLC grew its stake in shares of Philip Morris International by 79.0% in the first 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 period. Cortland Associates Inc. MO raised its holdings in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock valued at $22,690,000 after purchasing an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock valued at $69,695,000 after purchasing an additional 87,631 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. 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 target price on the stock. Finally, Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Up 1.0%

PM stock opened at $156.80 on Friday. The business’s 50-day moving average price is $164.29 and its 200-day moving average price is $168.62. The stock has a market cap of $244.07 billion, a P/E ratio of 29.81, a PEG ratio of 2.25 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the business 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. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. 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 payout ratio is 111.79%.

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.