Philip Morris International Inc. $PM Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,391 shares of the company’s stock after selling 10,493 shares during the period. Great Lakes Advisors LLC’s holdings in Philip Morris International were worth $42,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its holdings in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth $28,000. Entrust Financial LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $32,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Philip Morris International during the second quarter worth $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group dropped their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Morgan Stanley upped their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Performance

Philip Morris International stock opened at $180.94 on Friday. The company has a 50-day simple moving average of $172.08 and a 200-day simple moving average of $169.70. The firm has a market capitalization of $282.00 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.11 and a beta of 0.38. 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 released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 net margin of 11.61% and a negative return on equity of 142.02%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend 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.