Stock Yards Bank & Trust Co. Acquires 5,343 Shares of Philip Morris International Inc. $PM

Stock Yards Bank & Trust Co. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,130 shares of the company’s stock after acquiring an additional 5,343 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Philip Morris International were worth $25,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EJMK Ventures LLC boosted its holdings in Philip Morris International by 29.7% in the 1st quarter. EJMK Ventures LLC now owns 2,024 shares of the company’s stock valued at $335,000 after purchasing an additional 463 shares during the period. Fulton Bank N.A. grew its position in Philip Morris International by 12.9% in the 1st quarter. Fulton Bank N.A. now owns 32,405 shares of the company’s stock worth $5,358,000 after purchasing an additional 3,714 shares during the last quarter. Essex LLC increased its holdings in shares of Philip Morris International by 5.4% during the 1st quarter. Essex LLC now owns 1,749 shares of the company’s stock worth $289,000 after purchasing an additional 89 shares during the period. Financial Life Planners acquired a new position in shares of Philip Morris International during the first quarter valued at about $138,000. Finally, IFM Investors Pty Ltd raised its position in shares of Philip Morris International by 3.9% during the first quarter. IFM Investors Pty Ltd now owns 233,395 shares of the company’s stock valued at $38,590,000 after buying an additional 8,854 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PM. Morgan Stanley increased their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. UBS Group reduced their target price 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. Stifel Nicolaus cut their price target 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. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Price Performance

PM stock opened at $177.43 on Thursday. The business has a fifty day moving average price of $177.97 and a 200 day moving average price of $172.39. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The stock has a market capitalization of $276.53 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion for 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%.The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. 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, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s dividend payout ratio is currently 82.70%.

Philip Morris International News Summary

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: The FDA authorized 20 ZYN nicotine pouch products for modified-risk marketing, a meaningful boost for Philip Morris International’s U.S. smoke-free strategy and a potential growth driver as cigarette sales decline. FDA Issues Modified Risk Tobacco Product Orders for 20 ZYN Nicotine Pouch Products
• Positive Sentiment: Reuters-style coverage and other reports said PM can now explicitly market ZYN as a less harmful tobacco alternative, which could strengthen consumer adoption and improve the product’s competitive position. Philip Morris can market Zyn as less harmful tobacco product
• Positive Sentiment: Analysts currently rate Philip Morris International a “Moderate Buy,” suggesting Wall Street remains broadly constructive on the stock despite near-term volatility. Philip Morris International Inc. (NYSE:PM) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Broader consumer-sector trading was mixed, indicating some of PM’s weakness may be tied to market tone rather than company-specific fundamentals.

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.