Philip Morris International Inc. $PM Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 9.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 197,193 shares of the company’s stock after selling 20,756 shares during the period. Philip Morris International accounts for about 0.8% of Martingale Asset Management L P’s portfolio, making the stock its 24th biggest position. Martingale Asset Management L P’s holdings in Philip Morris International were worth $31,630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in Philip Morris International by 96.5% in 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. acquired a new position in Philip Morris International in the 4th quarter worth approximately $28,000. Entrust Financial LLC acquired a new position in Philip Morris International in the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC acquired a new position in Philip Morris International in the 3rd quarter worth approximately $32,000. Finally, McIlrath & Eck LLC acquired a new position in Philip Morris International in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Barclays reiterated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. UBS Group decreased their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Stifel Nicolaus cut their target price on 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Trading Up 2.0%

Shares of NYSE:PM opened at $184.41 on Friday. The company has a market capitalization of $287.41 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38. The business has a 50-day moving average price of $172.61 and a 200 day moving average price of $169.80. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share 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 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%.Philip Morris International’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company 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 research analysts predict that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is currently 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.