Diversify Wealth Management LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 138.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,585 shares of the company’s stock after purchasing an additional 44,478 shares during the quarter. Diversify Wealth Management LLC’s holdings in Philip Morris International were worth $12,461,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. AG Campbell Advisory LLC purchased a new position in Philip Morris International during the fourth quarter valued at $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the 4th quarter worth $26,000. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International during the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on PM shares. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley increased their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus decreased their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.62.
Philip Morris International Stock Performance
PM stock traded up $0.60 during midday trading on Friday, reaching $181.77. The company’s stock had a trading volume of 4,383,992 shares, compared to its average volume of 5,000,736. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The firm has a market capitalization of $283.30 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 2.14 and a beta of 0.38. The stock has a fifty day simple moving average of $180.91 and a two-hundred day simple moving average of $173.60.
Philip Morris International (NYSE:PM – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the business posted $1.69 EPS. The firm’s revenue for the quarter 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, analysts forecast that Philip Morris International Inc. will post 8.39 EPS for the current fiscal year.
Philip Morris International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given 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 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.
Read More
- Five stocks we like better than Philip Morris International
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
- Why “Big Short” Investor Michael Burry Sees Upside in Beaten-Down Sportbook Stocks
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.
