Philip Morris International Inc. $PM Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,749,744 shares of the company’s stock after acquiring an additional 9,047 shares during the period. Principal Financial Group Inc.’s holdings in Philip Morris International were worth $289,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. grew its position in Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after buying an additional 114,618 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after acquiring an additional 19,309 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Philip Morris International by 7.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock worth $91,840,000 after acquiring an additional 43,200 shares in the last quarter. World Investment Advisors boosted its stake in shares of Philip Morris International by 42.5% during the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after acquiring an additional 34,392 shares in the last quarter. Finally, GM Advisory Group LLC grew its holdings in shares of Philip Morris International by 1,362.7% in the 3rd quarter. GM Advisory Group LLC now owns 28,215 shares of the company’s stock worth $4,576,000 after acquiring an additional 26,286 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PM. Stifel Nicolaus cut their target price on 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. Morgan Stanley increased their price target 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. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Bank of America reaffirmed 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

Philip Morris International Trading Down 2.1%

Shares of NYSE PM opened at $176.44 on Wednesday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The business has a 50-day moving average price of $181.35 and a two-hundred day moving average price of $173.92. The firm has a market capitalization of $274.98 billion, a PE ratio of 24.82, a PEG ratio of 2.12 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Research analysts anticipate that Philip Morris International Inc. will post 8.39 EPS for the current year.

Philip Morris International Announces Dividend

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 $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 82.70%.

About Philip Morris International

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.