Philip Morris International Inc. $PM Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 49.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,325 shares of the company’s stock after purchasing an additional 4,079 shares during the quarter. SteelPeak Wealth LLC’s holdings in Philip Morris International were worth $2,055,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PM. Vanguard Group Inc. raised its position in Philip Morris International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. Capital World Investors grew its position in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares during the last quarter. Capital International Investors increased its stake in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Philip Morris International by 2.5% during the 4th quarter. Invesco Ltd. now owns 15,631,408 shares of the company’s stock valued at $2,507,278,000 after buying an additional 383,786 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. UBS Group increased their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley lifted their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.62.

Philip Morris International Stock Up 1.5%

Shares of Philip Morris International stock opened at $192.72 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $194.62. The firm has a market cap of $300.37 billion, a PE ratio of 27.11, a P/E/G ratio of 2.24 and a beta of 0.38. The business’s fifty day moving average is $182.37 and its two-hundred day moving average is $174.38.

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 analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that Philip Morris International Inc. will post 8.37 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. Stockholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 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.