Philip Morris International Inc. $PM Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 13.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,653 shares of the company’s stock after purchasing an additional 4,327 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Philip Morris International were worth $6,060,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Philip Morris International by 22.2% in the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after acquiring an additional 114,618 shares during the period. Global Retirement Partners LLC raised its stake in shares of Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Philip Morris International by 7.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock valued at $91,840,000 after purchasing an additional 43,200 shares during the period. World Investment Advisors lifted its position in shares of Philip Morris International by 42.5% during the fourth quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after purchasing an additional 34,392 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered 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 report on Friday, April 10th. UBS Group upped their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Morgan Stanley raised their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.62.

Philip Morris International Price Performance

NYSE PM opened at $192.72 on Monday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $194.62. The company has a market capitalization of $300.37 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. The company’s fifty day moving average price is $182.37 and its two-hundred day moving average price is $174.47.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company’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 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. As a group, analysts anticipate that Philip Morris International Inc. will post 8.37 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is currently 82.70%.

Philip Morris International Profile

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.