Philip Morris International Inc. $PM Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 47.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,894 shares of the company’s stock after selling 9,852 shares during the period. Groupama Asset Managment’s holdings in Philip Morris International were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Philip Morris International by 25.3% in the 4th 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 during the last quarter. Capital World Investors grew its holdings in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Philip Morris International by 36.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Philip Morris International by 12.0% during the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock worth $2,848,919,000 after purchasing an additional 1,847,421 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays upped their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock opened at $191.13 on Friday. The firm has a market cap of $297.90 billion, a PE ratio of 27.46, a P/E/G ratio of 2.30 and a beta of 0.38. The firm’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $176.77. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

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.