Price T Rowe Associates Inc. MD Cuts Stake in Philip Morris International Inc. $PM

Price T Rowe Associates Inc. MD cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,924,792 shares of the company’s stock after selling 2,422,066 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.83% of Philip Morris International worth $2,051,553,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the 1st quarter valued at about $34,000. Pacifica Partners Inc. grew its holdings in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International during the first quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. purchased a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PM. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target for the company. Barclays dropped their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.27.

Philip Morris International Price Performance

Shares of PM opened at $172.7110 on Thursday. The firm has a market capitalization of $268.84 billion, a P/E ratio of 32.83, a PEG ratio of 2.45 and a beta of 0.48. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The business has a fifty day moving average of $174.13 and a 200 day moving average of $165.36.

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 business had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last 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 expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International’s dividend payout ratio 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.