Ferguson Wellman Capital Management Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,648 shares of the company’s stock after selling 3,922 shares during the period. Philip Morris International comprises approximately 1.1% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Philip Morris International were worth $79,801,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PM. Resurgent Financial Advisors LLC raised its position in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after acquiring an additional 54 shares during the period. Douglass Winthrop Advisors LLC grew its position in shares of Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after purchasing an additional 56 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after purchasing an additional 58 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares in the last quarter. Finally, Tranquility Partners LLC raised its position in shares of Philip Morris International by 2.4% during the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock worth $399,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley raised their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group boosted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.62.
Philip Morris International Price Performance
NYSE PM traded up $0.60 during trading hours on Friday, hitting $181.77. 4,383,992 shares of the company’s stock traded hands, compared to its average volume of 5,000,736. The company has a market capitalization of $283.30 billion, a PE ratio of 25.57, a PEG ratio of 2.14 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The firm’s 50-day moving average is $180.91 and its 200-day moving average is $173.60.
Philip Morris International (NYSE:PM – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.69 EPS. 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. Equities research analysts predict that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.
Philip Morris International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s payout ratio is 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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