Shell Asset Management Co. Has $11.49 Million Holdings in Philip Morris International Inc. $PM

Shell Asset Management Co. grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 44.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,082 shares of the company’s stock after buying an additional 19,284 shares during the quarter. Shell Asset Management Co.’s holdings in Philip Morris International were worth $11,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. increased its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after purchasing an additional 2,669 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after purchasing an additional 242,799 shares in the last quarter. 49 Wealth Management LLC increased its position in Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after buying an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO raised its holdings in Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock valued at $22,690,000 after buying an additional 125,171 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock worth $69,695,000 after buying an additional 87,631 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $153.52 on Tuesday. The company has a market cap of $238.97 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46. The firm has a fifty day moving average price of $164.73 and a two-hundred day moving average price of $168.77. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 business had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company 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 boost from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is presently 111.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PM. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Saturday, September 27th. Finally, Barclays dropped their target price 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. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

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.