Ferguson Wellman Capital Management Inc. Sells 6,237 Shares of Philip Morris International Inc. $PM

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476,411 shares of the company’s stock after selling 6,237 shares during the quarter. Philip Morris International accounts for approximately 1.1% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Philip Morris International were worth $86,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan raised its position in Philip Morris International by 4.1% during the second quarter. Nissay Asset Management Corp Japan now owns 212,945 shares of the company’s stock valued at $38,524,000 after purchasing an additional 8,482 shares during the period. Navellier & Associates Inc. increased its position in shares of Philip Morris International by 33.3% during the 2nd quarter. Navellier & Associates Inc. now owns 5,350 shares of the company’s stock valued at $968,000 after purchasing an additional 1,338 shares during the last quarter. Tandem Capital Management Corp ADV raised its holdings in Philip Morris International by 2.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 6,951 shares of the company’s stock valued at $1,258,000 after buying an additional 172 shares during the period. Field & Main Bank bought a new stake in Philip Morris International in the second quarter worth $1,179,000. Finally, Prosperitas Financial LLC bought a new stake in Philip Morris International in the second quarter worth $5,562,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM stock opened at $192.02 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm’s 50-day moving average is $187.21 and its 200 day moving average is $178.79. The company has a market capitalization of $299.28 billion, a PE ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on PM shares. UBS Group boosted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Barclays boosted their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Stifel Nicolaus upped their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Ten 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.89.

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.