Kingsview Wealth Management LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 9.5% in the fourth quarter, Holdings Channel reports. The firm owned 69,929 shares of the company’s stock after buying an additional 6,050 shares during the period. Kingsview Wealth Management LLC’s holdings in Philip Morris International were worth $11,217,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after buying an additional 1,793,949 shares during the last quarter. Capital World Investors grew its stake in Philip Morris International by 2.2% during the 3rd 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 grew its stake in Philip Morris International by 1.0% during the 3rd 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 grew its stake in Philip Morris International by 7.2% during the 3rd 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 grew its stake in Philip Morris International by 2.8% during the 3rd 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. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on PM shares. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus lowered their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group lowered their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Finally, Morgan Stanley lowered their price target on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $192.56.
Philip Morris International Stock Performance
Shares of PM opened at $182.11 on Thursday. The stock has a 50-day moving average of $169.35 and a two-hundred day moving average of $167.98. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The stock has a market cap of $283.82 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.09 and a beta of 0.37.
Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. 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. Analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current fiscal year.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.
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