Keybank National Association OH grew its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 90.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,200 shares of the company’s stock after acquiring an additional 141,460 shares during the quarter. Keybank National Association OH’s holdings in Philip Morris International were worth $49,304,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. AG Campbell Advisory LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International in the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. lifted its position in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International during the fourth quarter valued at approximately $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on PM shares. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Stifel Nicolaus decreased their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group increased their price target on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.
Philip Morris International Price Performance
Shares of Philip Morris International stock opened at $182.52 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The company has a market capitalization of $284.47 billion, a PE ratio of 25.67, a P/E/G ratio of 2.07 and a beta of 0.38. The business has a 50-day moving average of $178.56 and a 200-day moving average of $172.60.
Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations 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 was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, equities analysts expect that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.
Philip Morris International Dividend Announcement
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 $1.47 dividend. This represents a $5.88 dividend on an annualized basis 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 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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