Phraction Management LLC Has $6.85 Million Stock Position in Philip Morris International Inc. $PM

Phraction Management LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 48.6% in the second quarter, HoldingsChannel reports. The fund owned 37,603 shares of the company’s stock after selling 35,540 shares during the quarter. Philip Morris International makes up approximately 2.2% of Phraction Management LLC’s holdings, making the stock its 16th largest holding. Phraction Management LLC’s holdings in Philip Morris International were worth $6,849,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock valued at $22,320,878,000 after purchasing an additional 1,189,283 shares during the period. Wellington Management Group LLP grew its holdings in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after buying an additional 4,563,632 shares during the last quarter. Nuveen LLC bought a new stake in shares of Philip Morris International during the first quarter worth about $1,712,994,000. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. 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 note on Wednesday, July 30th. Finally, UBS Group reduced their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.44.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $157.71 on Friday. The stock has a market capitalization 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 Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock’s 50-day simple moving average is $164.97 and its 200 day simple moving average is $168.55.

Philip Morris International (NYSE:PM) last posted 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. 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 negative return on equity of 120.86% and a net margin of 9.03%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 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.