Cidel Asset Management Inc. Purchases 3,039 Shares of Philip Morris International Inc. $PM

Cidel Asset Management Inc. grew its position in Philip Morris International Inc. (NYSE:PM) by 50.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,014 shares of the company’s stock after purchasing an additional 3,039 shares during the period. Cidel Asset Management Inc.’s holdings in Philip Morris International were worth $1,490,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on PM shares. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus cut their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group decreased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Trading Up 3.4%

PM stock opened at $179.07 on Wednesday. The stock has a 50-day moving average price of $175.41 and a two-hundred day moving average price of $171.09. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The stock has a market cap of $279.09 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS 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 analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s quarterly 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 earnings per share. 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, analysts forecast 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 paid a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.3%. Philip Morris International’s 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.