Arrow Capital Management LLC Purchases Shares of 67,422 Philip Morris International Inc. $PM

Arrow Capital Management LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,422 shares of the company’s stock, valued at approximately $10,814,000. Philip Morris International accounts for 6.3% of Arrow Capital Management LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Vanguard Group Inc. raised its position in shares of Philip Morris International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares during the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after buying an additional 3,579,399 shares in the last quarter. Capital International Investors boosted its position in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Philip Morris International by 2.5% during the fourth quarter. Invesco Ltd. now owns 15,631,408 shares of the company’s stock valued at $2,507,278,000 after acquiring an additional 383,786 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PM shares. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group dropped their price objective 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. Morgan Stanley raised their price objective on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Price Performance

Shares of PM stock opened at $178.68 on Friday. The company has a market cap of $278.48 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The stock’s 50 day simple moving average is $174.44 and its two-hundred day simple moving average is $170.61.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is presently 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.