Boston Partners Reduces Position in Philip Morris International Inc. $PM

Boston Partners decreased its position in Philip Morris International Inc. (NYSE:PM) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,323,070 shares of the company’s stock after selling 696,555 shares during the period. Philip Morris International accounts for 1.1% of Boston Partners’ investment portfolio, making the stock its 10th biggest holding. Boston Partners owned 0.41% of Philip Morris International worth $1,016,162,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PM. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International in the 4th quarter valued at approximately $28,000. Entrust Financial LLC bought a new position in Philip Morris International in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in Philip Morris International in the 3rd quarter valued at $32,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 2.0%

Shares of Philip Morris International stock opened at $184.41 on Friday. The firm’s 50 day moving average price is $172.61 and its 200-day moving average price is $169.80. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The company has a market cap of $287.41 billion, a P/E ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion during 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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, equities research analysts forecast that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s dividend payout ratio is currently 82.70%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. Morgan Stanley lifted their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, UBS Group dropped their price objective 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Company 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.