Meadowbrook Advisors Group LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,019 shares of the company’s stock, valued at approximately $484,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital International Investors increased its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors boosted its stake in Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors boosted its stake in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Philip Morris International by 36.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock worth $362,539,000 after purchasing an additional 2,123,002 shares during the period. 78.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
PM has been the subject of several research analyst reports. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Barclays restated an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus dropped their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group dropped their price target on 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.88.
Philip Morris International Trading Up 0.2%
Shares of PM stock opened at $178.68 on Friday. The firm has a market capitalization of $278.48 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38. The firm has a fifty day simple moving average of $174.79 and a two-hundred day simple moving average of $170.67. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05.
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 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 for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. 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 predict 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. Investors of record on Thursday, June 25th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend 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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