Legal & General Group Plc trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,645,673 shares of the company’s stock after selling 157,063 shares during the period. Legal & General Group Plc’s holdings in Philip Morris International were worth $1,226,366,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its holdings in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth about $28,000. Entrust Financial LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Philip Morris International in the third quarter worth about $32,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Philip Morris International in the second quarter worth about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday. Citigroup raised their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley decreased their price target on shares of 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. Finally, UBS Group decreased 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 research note on Friday, April 17th. 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, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $192.56.
Philip Morris International Trading Up 0.1%
Philip Morris International stock opened at $189.26 on Monday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock has a market cap of $294.97 billion, a P/E ratio of 26.62, a PEG ratio of 2.17 and a beta of 0.37. The company has a 50-day moving average price of $168.71 and a 200 day moving average price of $167.23.
Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the business earned $1.69 earnings per share. Philip Morris International’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. As a group, analysts forecast that Philip Morris International Inc. will post 8.45 EPS for the current year.
Philip Morris International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, March 19th. 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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