Quadrant Capital Group LLC trimmed its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 13.7% during the fourth quarter, Holdings Channel reports. The firm owned 33,007 shares of the company’s stock after selling 5,253 shares during the quarter. Quadrant Capital Group LLC’s holdings in Philip Morris International were worth $5,295,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after acquiring an additional 82 shares during the period. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International in the 4th quarter valued at about $28,000. Entrust Financial LLC bought a new position in Philip Morris International in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new position in Philip Morris International in the 3rd quarter valued at about $32,000. Finally, McIlrath & Eck LLC bought a new position in Philip Morris International in the 2nd quarter valued at about $36,000. 78.63% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PM. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Stifel Nicolaus lowered their price target 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. Morgan Stanley increased their price target on shares of 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 lowered their price target 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.88.
Philip Morris International Stock Up 2.0%
Shares of NYSE:PM opened at $184.41 on Friday. The company’s 50 day moving average price is $172.61 and its two-hundred day moving average price is $169.80. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The firm has a market cap of $287.41 billion, a PE ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38.
Philip Morris International (NYSE:PM – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm 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 business posted $1.69 EPS. The business’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. On average, research analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio 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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