Hollencrest Capital Management Trims Holdings in Philip Morris International Inc. $PM

Hollencrest Capital Management lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,415 shares of the company’s stock after selling 4,902 shares during the quarter. Philip Morris International makes up about 1.2% of Hollencrest Capital Management’s investment portfolio, making the stock its 18th largest holding. Hollencrest Capital Management’s holdings in Philip Morris International were worth $18,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. AG Campbell Advisory LLC bought a new position in Philip Morris International during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $29,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. lifted its position in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International during the fourth quarter worth about $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $192.02 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a market capitalization of $299.28 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.32 and a beta of 0.38. The business has a 50 day simple moving average of $187.21 and a 200 day simple moving average of $178.79.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 84.48%.

Analysts Set New Price Targets

A number of research analysts have commented on PM shares. Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.