Phraction Management LLC Sells 35,540 Shares of Philip Morris International Inc. $PM

Phraction Management LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 48.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,603 shares of the company’s stock after selling 35,540 shares during the period. Philip Morris International makes up about 2.2% of Phraction Management LLC’s portfolio, making the stock its 16th biggest position. Phraction Management LLC’s holdings in Philip Morris International were worth $6,849,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PM. Abound Wealth Management grew its position in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International in the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC lifted its stake in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International in the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the first quarter worth $35,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PM. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price objective on the stock. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating on the stock. Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Ten 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Price Performance

Philip Morris International stock opened at $157.71 on Friday. The stock’s 50 day moving average is $164.97 and its 200 day moving average is $168.55. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The firm has a market cap of $245.48 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.33 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm 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 for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business 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 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. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s payout ratio is 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.