Smartleaf Asset Management LLC Purchases 6,355 Shares of Philip Morris International Inc. $PM

Smartleaf Asset Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 71.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,258 shares of the company’s stock after purchasing an additional 6,355 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Philip Morris International were worth $2,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. grew its position in shares of Philip Morris International by 3.6% during the 3rd quarter. Alps Advisors Inc. now owns 174,973 shares of the company’s stock worth $28,381,000 after buying an additional 6,096 shares in the last quarter. a16z Perennial Management L.P. purchased a new stake in Philip Morris International in the third quarter worth about $411,000. Carlson Capital L.P. bought a new position in Philip Morris International during the 3rd quarter worth about $779,000. Wellington Shields & Co. LLC increased its position in Philip Morris International by 1.9% during the 3rd quarter. Wellington Shields & Co. LLC now owns 7,132 shares of the company’s stock valued at $1,157,000 after purchasing an additional 132 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its position in Philip Morris International by 45.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 26,484 shares of the company’s stock valued at $4,296,000 after purchasing an additional 8,271 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the subject of several research reports. Barclays lowered their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and cut their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

View Our Latest Analysis on PM

Philip Morris International Stock Performance

Shares of PM stock opened at $182.78 on Monday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $186.69. The firm has a market capitalization of $284.52 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.99 and a beta of 0.39. The stock’s 50-day simple moving average is $163.99 and its 200-day simple moving average is $161.49.

Philip Morris International (NYSE:PMGet Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. Philip Morris International’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is presently 80.88%.

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About Philip Morris International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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