Cambient Family Office LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,996 shares of the company’s stock, valued at approximately $1,294,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International in the fourth quarter valued at approximately $26,000. Dogwood Wealth Management LLC grew its holdings in Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after acquiring an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International during the 4th quarter worth $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $29,000. Finally, Entrust Financial LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $31,000. 78.63% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Barclays reiterated an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Morgan Stanley increased their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group reduced their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $192.88.
Philip Morris International Stock Performance
NYSE PM opened at $178.68 on Friday. The stock has a market cap of $278.48 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.07 and a beta of 0.38. The business has a 50 day simple moving average of $174.44 and a 200 day simple moving average of $170.61. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.
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 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 analyst estimates 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 revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a $1.47 dividend. 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 currently 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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