Piedmont Capital Management LLC NC Purchases Shares of 4,751 Philip Morris International Inc. $PM

Piedmont Capital Management LLC NC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,751 shares of the company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International in the fourth quarter valued at about $26,000. Dogwood Wealth Management LLC boosted its position in Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International in the fourth quarter valued at about $28,000. Entrust Financial LLC acquired a new position in Philip Morris International in the fourth quarter valued at about $31,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International during the third quarter worth approximately $32,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $184.41 on Monday. The company has a market cap of $287.41 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.13 and a beta of 0.38. The firm has a 50 day simple moving average of $172.61 and a 200 day simple moving average of $169.93. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05.

Philip Morris International (NYSE:PM) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period 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. As a group, analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be paid a dividend of $1.47 per share. 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 payout ratio is 82.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group reduced their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Stifel Nicolaus reduced their target price on shares of 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. Finally, Morgan Stanley upped their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.88.

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.