Capital Financial Group Inc. Co. ADV acquired a new position in Philip Morris International Inc. (NYSE:PM – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,066 shares of the company’s stock, valued at approximately $1,133,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LFG Wealth Partners LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth approximately $2,949,000. Okabena Investment Services Inc. lifted its stake in shares of Philip Morris International by 8.3% in the fourth quarter. Okabena Investment Services Inc. now owns 3,257 shares of the company’s stock worth $522,000 after acquiring an additional 250 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Philip Morris International by 13.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,980 shares of the company’s stock worth $318,000 after purchasing an additional 240 shares in the last quarter. Trustco Bank Corp N Y increased its holdings in Philip Morris International by 5.5% in the fourth quarter. Trustco Bank Corp N Y now owns 3,835 shares of the company’s stock worth $615,000 after purchasing an additional 200 shares in the last quarter. Finally, Twin City Private Wealth LLC increased its holdings in Philip Morris International by 4.0% in the fourth quarter. Twin City Private Wealth LLC now owns 24,854 shares of the company’s stock worth $4,022,000 after purchasing an additional 951 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on PM. UBS Group lowered their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Morgan Stanley boosted their price objective on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus decreased their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.88.
Philip Morris International Trading Down 1.3%
Shares of Philip Morris International stock opened at $181.94 on Tuesday. The stock has a fifty day simple moving average of $173.09 and a 200 day simple moving average of $170.10. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The company has a market capitalization of $283.57 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.13 and a beta of 0.38.
Philip Morris International (NYSE:PM – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. Philip Morris International’s 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, analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current year.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be issued a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio 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.
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