Louisiana State Employees Retirement System Acquires Shares of 79,300 Philip Morris International Inc. $PM

Louisiana State Employees Retirement System acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,300 shares of the company’s stock, valued at approximately $13,111,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $26,000. Dogwood Wealth Management LLC grew its stake in shares of Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International during the 4th quarter valued at about $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $178.91 on Friday. The company has a market capitalization of $278.85 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.07 and a beta of 0.38. The firm’s 50 day simple moving average is $176.11 and its two-hundred day simple moving average is $171.52. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The business 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%.Philip Morris International’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PM. Stifel Nicolaus reduced their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. UBS Group decreased their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Morgan Stanley increased 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 report on Wednesday, June 3rd. Ten equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $192.88.

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.