Douglass Winthrop Advisors LLC Sells 2,524 Shares of Philip Morris International Inc. $PM

Douglass Winthrop Advisors LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 10.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 20,790 shares of the company’s stock after selling 2,524 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Philip Morris International were worth $3,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Perigon Wealth Management LLC grew its position in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC raised its position in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. NFP Retirement Inc. lifted its stake in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after purchasing an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its holdings in shares of Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock worth $477,000 after purchasing an additional 63 shares in the last quarter. Finally, Renasant Bank boosted its holdings in shares of Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company’s stock worth $317,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. UBS Group lifted their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup reaffirmed an “overweight” rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.27.

Philip Morris International Stock Down 1.6%

PM opened at $171.67 on Friday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a market cap of $267.22 billion, a PE ratio of 32.64, a PEG ratio of 2.54 and a beta of 0.48. The business has a 50 day moving average of $173.69 and a 200-day moving average of $165.95.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.1% on a year-over-year basis. 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. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

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