Philip Morris International Inc. $PM Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in Philip Morris International Inc. (NYSE:PM) by 575.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,950 shares of the company’s stock after purchasing an additional 10,182 shares during the quarter. Hodges Capital Management Inc.’s holdings in Philip Morris International were worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. increased its holdings in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth about $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.4%

PM opened at $184.91 on Tuesday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The company has a 50-day moving average price of $178.93 and a 200 day moving average price of $172.77. The company has a market cap of $288.19 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the firm posted $1.69 EPS. 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. As a group, sell-side analysts expect that Philip Morris International Inc. will post 8.39 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PM. Stifel Nicolaus dropped their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. 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 report on Wednesday, June 3rd. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.62.

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.