Martingale Asset Management L P Decreases Stock Holdings in Philip Morris International Inc. $PM

Martingale Asset Management L P trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,193 shares of the company’s stock after selling 20,756 shares during the quarter. Philip Morris International comprises about 0.8% of Martingale Asset Management L P’s investment portfolio, making the stock its 24th largest holding. Martingale Asset Management L P’s holdings in Philip Morris International were worth $31,630,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC lifted its position in shares of Philip Morris International by 96.5% during 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 during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International during the third quarter valued at about $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Philip Morris International during the third quarter valued at about $33,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 2.0%

PM opened at $184.41 on Friday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The company has a market cap of $287.41 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.38. The firm’s 50-day moving average price is $172.61 and its 200-day moving average price is $169.80.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 9.1% compared to the same quarter last year. 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, research analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current fiscal 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 issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is 82.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on PM. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Barclays reissued an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. UBS Group cut their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, Stifel Nicolaus cut their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Ten investment 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 presently has an average rating of “Moderate Buy” and an average price target of $192.88.

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.