Pictet Asset Management Holding SA Sells 21,451 Shares of Philip Morris International Inc. $PM

Pictet Asset Management Holding SA trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,012 shares of the company’s stock after selling 21,451 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Philip Morris International were worth $106,974,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AG Campbell Advisory LLC bought a new stake in Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $26,000. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $28,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth $29,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley raised their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, UBS Group decreased their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Stock Performance

Shares of PM stock opened at $180.92 on Monday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The firm has a market capitalization of $281.98 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.09 and a beta of 0.38. The stock’s 50-day simple moving average is $176.59 and its 200-day simple moving average is $171.75.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion during 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%. Philip Morris International’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm 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. As a group, equities analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued 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 dividend 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.