Philip Morris International Inc. $PM Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,743,677 shares of the company’s stock after selling 281,923 shares during the quarter. Philip Morris International makes up approximately 0.9% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 21st largest position. Lord Abbett & CO. LLC owned approximately 0.11% of Philip Morris International worth $279,686,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC raised its stake in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the period. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International during the third quarter worth approximately $32,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the subject of several research reports. UBS Group dropped their price target on 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. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, Morgan Stanley boosted their price target 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Stock Up 2.0%

Shares of NYSE:PM opened at $184.41 on Friday. The business has a fifty day moving average of $172.61 and a two-hundred day moving average of $169.80. The stock has a market cap of $287.41 billion, a P/E ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.

Philip Morris International (NYSE:PM) last issued its earnings results 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. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business 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. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 presently 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.