Employees Retirement System of Texas Sells 69,135 Shares of Philip Morris International Inc. $PM

Employees Retirement System of Texas lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 37.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,747 shares of the company’s stock after selling 69,135 shares during the quarter. Employees Retirement System of Texas’ holdings in Philip Morris International were worth $18,887,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Philip Morris International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after purchasing an additional 1,793,949 shares during the period. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.2% during the third quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock worth $20,887,743,000 after buying an additional 2,714,674 shares during the last quarter. Capital International Investors lifted its holdings in shares of Philip Morris International by 1.0% during the third quarter. Capital International Investors now owns 89,150,871 shares of the company’s stock worth $14,461,220,000 after buying an additional 882,885 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 7.2% during the third quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after buying an additional 2,911,835 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Philip Morris International by 2.8% during the third quarter. Northern Trust Corp now owns 14,701,879 shares of the company’s stock worth $2,384,645,000 after buying an additional 401,381 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. UBS Group cut their price target 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. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Stifel Nicolaus cut their price target 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International Trading Down 3.9%

Shares of NYSE PM opened at $181.64 on Wednesday. The business has a fifty day simple moving average of $169.20 and a 200 day simple moving average of $167.75. The firm has a market capitalization of $283.10 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.17 and a beta of 0.37. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company 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, research analysts anticipate that Philip Morris International Inc. will post 8.45 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio is 82.70%.

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.