Cypress Capital Management LLC WY cut its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 22.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,942 shares of the company’s stock after selling 4,235 shares during the period. Philip Morris International makes up 2.3% of Cypress Capital Management LLC WY’s portfolio, making the stock its 13th largest position. Cypress Capital Management LLC WY’s holdings in Philip Morris International were worth $2,397,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% in the third 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 last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $28,000. Entrust Financial LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International in the third quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Philip Morris International in the third quarter worth approximately $33,000. 78.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
PM has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Morgan Stanley lowered their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group lowered their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Citigroup boosted their price objective on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.56.
Philip Morris International Stock Performance
NYSE PM opened at $181.64 on Wednesday. The stock’s fifty day moving average is $169.20 and its two-hundred day moving average is $167.75. The firm has a market capitalization of $283.10 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.37. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two 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 EPS for the quarter, beating 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. 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 8.45 EPS for the current year.
Philip Morris International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio is 82.70%.
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.
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