Philip Morris International Inc. $PM Shares Acquired by Allstate Corp

Allstate Corp lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 110.3% during the fourth quarter, HoldingsChannel reports. The fund owned 119,082 shares of the company’s stock after acquiring an additional 62,457 shares during the quarter. Allstate Corp’s holdings in Philip Morris International were worth $19,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MSH Capital Advisors LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth about $355,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Philip Morris International by 14.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,501 shares of the company’s stock worth $405,000 after acquiring an additional 322 shares during the period. Fisher Asset Management LLC increased its stake in shares of Philip Morris International by 9.5% during the fourth quarter. Fisher Asset Management LLC now owns 18,612 shares of the company’s stock worth $2,985,000 after acquiring an additional 1,621 shares during the period. 44 Wealth Management LLC increased its stake in shares of Philip Morris International by 12.6% during the fourth quarter. 44 Wealth Management LLC now owns 19,134 shares of the company’s stock worth $3,069,000 after acquiring an additional 2,141 shares during the period. Finally, CYBER HORNET ETFs LLC increased its stake in shares of Philip Morris International by 5.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 4,561 shares of the company’s stock worth $732,000 after acquiring an additional 244 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley dropped their price target 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. Stifel Nicolaus dropped their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. UBS Group cut their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Finally, Citigroup increased their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.56.

Philip Morris International Trading Up 0.1%

Shares of NYSE PM opened at $189.26 on Tuesday. The stock has a market cap of $294.97 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.17 and a beta of 0.37. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The company’s 50-day moving average price is $169.06 and its 200 day moving average price is $167.52.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 EPS. 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. As a group, research analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

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.