Griffin Asset Management Inc. Has $738,000 Stock Position in Philip Morris International Inc. $PM

Griffin Asset Management Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,602 shares of the company’s stock after selling 2,763 shares during the quarter. Griffin Asset Management Inc.’s holdings in Philip Morris International were worth $738,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its position in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth $28,000. Entrust Financial LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $33,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PM. Morgan Stanley cut their target price on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Barclays reissued an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. UBS Group cut their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Citigroup increased their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.56.

Philip Morris International Trading Down 0.2%

Philip Morris International stock opened at $188.29 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The firm has a market capitalization of $293.46 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.37. The firm’s fifty day moving average price is $168.26 and its two-hundred day moving average price is $166.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is 82.70%.

Philip Morris International Profile

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.