Bank of New York Mellon Corp Trims Holdings in Philip Morris International Inc. $PM

Bank of New York Mellon Corp trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 4.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,914,216 shares of the company’s stock after selling 452,240 shares during the quarter. Bank of New York Mellon Corp’s holdings in Philip Morris International were worth $1,473,877,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PM shares. UBS Group raised their price target 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. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Morgan Stanley upped their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus cut their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $194.62.

Philip Morris International Price Performance

Shares of PM stock opened at $180.98 on Thursday. The firm’s 50-day simple moving average is $181.56 and its 200-day simple moving average is $174.05. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The firm has a market cap of $282.07 billion, a P/E ratio of 25.45, a PEG ratio of 2.08 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share 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 net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last 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. Analysts expect that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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