GK Wealth Management LLC Sells 161 Shares of Philip Morris International Inc. $PM

GK Wealth Management LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,409 shares of the company’s stock after selling 161 shares during the quarter. GK Wealth Management LLC’s holdings in Philip Morris International were worth $382,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wealth Management Associates Inc. purchased a new position in shares of Philip Morris International during the first quarter worth approximately $243,000. Intrua Financial LLC increased its position in shares of Philip Morris International by 2.6% during the first quarter. Intrua Financial LLC now owns 2,953 shares of the company’s stock worth $469,000 after acquiring an additional 75 shares during the period. Rollins Financial Advisors LLC purchased a new position in shares of Philip Morris International during the first quarter worth approximately $201,000. Mattson Financial Services LLC purchased a new position in shares of Philip Morris International during the first quarter worth approximately $37,000. Finally, Westbourne Investments Inc. purchased a new position in shares of Philip Morris International during the first quarter worth approximately $279,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.4%

Shares of PM stock opened at $165.43 on Thursday. The firm has a market cap of $257.50 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.39 and a beta of 0.49. The company’s 50 day moving average is $169.36 and its 200 day moving average is $167.50. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $10.33 billion. During the same period last year, the company posted $1.59 earnings per share. Philip Morris International’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. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International’s payout ratio is currently 102.66%.

Wall Street Analyst Weigh In

PM has been the topic of a number of research reports. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. UBS Group reduced 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. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.91.

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.