Howe & Rusling Inc. reduced its stake in Philip Morris International Inc. (NYSE:PM – Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,687 shares of the company’s stock after selling 4,695 shares during the period. Philip Morris International accounts for approximately 1.2% of Howe & Rusling Inc.’s holdings, making the stock its 24th largest holding. Howe & Rusling Inc.’s holdings in Philip Morris International were worth $18,717,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in PM. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $26,000. Dogwood Wealth Management LLC boosted its position in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $28,000. Entrust Financial LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $31,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Philip Morris International in the 3rd quarter worth $32,000. 78.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on PM. Stifel Nicolaus reduced their price target 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. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. UBS Group reduced their target price on 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, Morgan Stanley lifted their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Ten equities 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 a consensus rating of “Moderate Buy” and an average price target of $192.88.
Philip Morris International Trading Up 1.4%
PM stock opened at $184.32 on Wednesday. The business’s 50-day moving average price is $173.62 and its two-hundred day moving average price is $170.30. The firm has a market cap of $287.27 billion, a PE ratio of 25.92, a P/E/G ratio of 2.10 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05.
Philip Morris International (NYSE:PM – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. 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, analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share 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 issued a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s payout ratio is currently 82.70%.
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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