Carnegie Investment Counsel Grows Holdings in Philip Morris International Inc. $PM

Carnegie Investment Counsel lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 106,992 shares of the company’s stock after acquiring an additional 4,143 shares during the quarter. Carnegie Investment Counsel’s holdings in Philip Morris International were worth $17,690,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. raised its holdings in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares during the period. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.60 on Friday, hitting $181.77. 4,383,992 shares of the company’s stock were exchanged, compared to its average volume of 5,000,736. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The company has a market capitalization of $283.30 billion, a PE ratio of 25.57, a P/E/G ratio of 2.14 and a beta of 0.38. The firm’s 50-day moving average is $180.91 and its 200 day moving average is $173.60.

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, topping the consensus estimate of $1.83 by $0.13. The business 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 business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last 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. On average, analysts anticipate that Philip Morris International Inc. will post 8.39 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is presently 82.70%.

Analysts Set New Price Targets

Several research firms have weighed in on PM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Stifel Nicolaus lowered their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a report on Thursday, April 23rd. Finally, UBS Group upped their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. 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 data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $194.62.

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.