Geode Capital Management LLC Has $5.99 Billion Stock Holdings in Philip Morris International Inc. $PM

Geode Capital Management LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,380,531 shares of the company’s stock after selling 544,322 shares during the quarter. Geode Capital Management LLC’s holdings in Philip Morris International were worth $5,990,218,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PM. Dogwood Wealth Management LLC raised its stake in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the 4th quarter worth about $28,000. Entrust Financial LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Philip Morris International in the 3rd quarter worth about $32,000. Finally, McIlrath & Eck LLC acquired a new stake in Philip Morris International in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.3%

PM stock opened at $182.11 on Thursday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The firm has a market cap of $283.82 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.09 and a beta of 0.37. The company’s 50-day moving average price is $169.35 and its two-hundred day moving average price is $167.98.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the firm earned $1.69 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. 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. Equities analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Analysts Set New Price Targets

Several brokerages have weighed in on PM. Stifel Nicolaus dropped 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. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Citigroup lifted their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.56.

About Philip Morris International

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.