Canoe Financial LP Buys 366,970 Shares of Philip Morris International Inc. $PM

Canoe Financial LP lifted its position in Philip Morris International Inc. (NYSE:PM) by 59.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 988,208 shares of the company’s stock after acquiring an additional 366,970 shares during the period. Philip Morris International accounts for about 2.2% of Canoe Financial LP’s investment portfolio, making the stock its 15th largest holding. Canoe Financial LP’s holdings in Philip Morris International were worth $163,629,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Formidable Asset Management LLC lifted its holdings in shares of Philip Morris International by 3.8% during the first quarter. Formidable Asset Management LLC now owns 5,604 shares of the company’s stock valued at $899,000 after purchasing an additional 203 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in Philip Morris International by 4.5% during the 1st quarter. Red Door Wealth Management LLC now owns 17,005 shares of the company’s stock valued at $2,812,000 after acquiring an additional 725 shares during the period. Hurlow Wealth Management Group Inc. bought a new position in Philip Morris International during the first quarter valued at approximately $201,000. Aspire Private Capital LLC boosted its stake in shares of Philip Morris International by 45.3% in the 1st quarter. Aspire Private Capital LLC now owns 13,248 shares of the company’s stock worth $2,190,000 after buying an additional 4,133 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in Philip Morris International by 106.7% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 83,104 shares of the company’s stock worth $13,740,000 after purchasing an additional 42,893 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.1%

Shares of PM stock opened at $180.92 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The stock has a fifty day simple moving average of $176.59 and a two-hundred day simple moving average of $171.75. The stock has a market capitalization of $281.98 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the firm posted $1.69 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. 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. Research analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is 82.70%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group cut their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Morgan Stanley boosted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus reduced their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target 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.