Philip Morris International Inc. $PM Shares Sold by Conning Inc.

Conning Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 162,657 shares of the company’s stock after selling 7,819 shares during the period. Conning Inc.’s holdings in Philip Morris International were worth $26,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PM. Capital International Investors boosted its holdings in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors raised its stake in Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Capital World Investors raised its stake in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 36.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after acquiring an additional 2,475,204 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after acquiring an additional 2,123,002 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.3%

NYSE PM opened at $181.77 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The stock has a market cap of $283.30 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 2.13 and a beta of 0.38. The company has a 50-day moving average price of $180.91 and a two-hundred day moving average price of $173.60.

Philip Morris International (NYSE:PM) last announced its quarterly 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. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities research analysts expect that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PM shares. Morgan Stanley upped their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. UBS Group upped their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus cut their target price 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

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.