London Co. of Virginia reduced its stake in Philip Morris International Inc. (NYSE:PM – Free Report) by 6.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,020,161 shares of the company’s stock after selling 137,849 shares during the period. Philip Morris International accounts for 2.1% of London Co. of Virginia’s holdings, making the stock its 14th largest holding. London Co. of Virginia’s holdings in Philip Morris International were worth $334,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the stock. Capital International Investors boosted its holdings in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors raised its holdings in Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Capital World Investors raised its holdings in Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Philip Morris International by 36.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after acquiring an additional 2,475,204 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Philip Morris International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. 78.63% of the stock is owned by institutional investors.
Analysts Set New Price Targets
PM has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Finally, BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.
Philip Morris International Stock Up 0.9%
NYSE PM opened at $192.84 on Friday. The company has a market capitalization of $300.55 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.28 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $199.78. The firm has a 50-day moving average price of $182.79 and a two-hundred day moving average price of $175.46.
Philip Morris International (NYSE:PM – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm earned $1.89 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts expect that Philip Morris International Inc. will post 8.35 EPS for the current year.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.0%. Philip Morris International’s dividend payout ratio is currently 84.48%.
Key Headlines Impacting Philip Morris International
Here are the key news stories impacting Philip Morris International this week:
- Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
- Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage
- Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage
- Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand
- Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn’t Enough At This Price
- Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
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.
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