Philip Morris International Inc. $PM Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,766 shares of the company’s stock after selling 166 shares during the period. TBH Global Asset Management LLC’s holdings in Philip Morris International were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PM. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock valued at $22,320,878,000 after acquiring an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth about $1,712,994,000. Goldman Sachs Group Inc. grew its holdings 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 buying an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings 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 buying an additional 1,635,636 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. 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 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Barclays dropped their price objective on shares of 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.

Philip Morris International Trading Up 0.4%

Shares of Philip Morris International stock opened at $164.70 on Friday. The business’s fifty day moving average price is $165.55 and its 200 day moving average price is $168.43. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a market capitalization of $256.37 billion, a P/E ratio of 31.31, a PEG ratio of 2.38 and a beta of 0.49.

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

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. This is a positive change 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 dividend payout ratio is presently 111.79%.

Philip Morris International 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.