Swiss National Bank Buys 302,900 Shares of Philip Morris International Inc. $PM

Swiss National Bank raised its stake in Philip Morris International Inc. (NYSE:PM) by 7.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,568,400 shares of the company’s stock after buying an additional 302,900 shares during the period. Swiss National Bank’s holdings in Philip Morris International were worth $755,339,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PM. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. grew its stake in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International in the fourth quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International during the 4th quarter worth $29,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PM shares. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.62.

Philip Morris International Trading Up 1.5%

Shares of NYSE PM opened at $192.72 on Friday. The stock has a market capitalization of $300.37 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. The stock’s fifty day simple moving average is $182.37 and its two-hundred day simple moving average is $174.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $194.62.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion during 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 revenue for the quarter 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. On average, equities analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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 issued a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. 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.