Sei Investments Co. Has $274.76 Million Position in Philip Morris International Inc. $PM

Sei Investments Co. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661,815 shares of the company’s stock after purchasing an additional 265,571 shares during the period. Sei Investments Co.’s holdings in Philip Morris International were worth $274,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ascension Capital Advisors Inc. acquired a new position in shares of Philip Morris International in the first quarter valued at approximately $203,000. GSG Advisors LLC increased its position in shares of Philip Morris International by 8.4% during the first quarter. GSG Advisors LLC now owns 2,695 shares of the company’s stock worth $446,000 after acquiring an additional 208 shares in the last quarter. Lavaca Capital LLC raised its holdings in shares of Philip Morris International by 21.7% during the first quarter. Lavaca Capital LLC now owns 2,023 shares of the company’s stock worth $334,000 after acquiring an additional 361 shares during the period. Aureus Asset Management LLC raised its holdings in shares of Philip Morris International by 12.3% during the first quarter. Aureus Asset Management LLC now owns 11,235 shares of the company’s stock worth $1,858,000 after acquiring an additional 1,227 shares during the period. Finally, Clearwater Capital Advisors LLC lifted its position in Philip Morris International by 2.4% in the 1st quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock valued at $463,000 after acquiring an additional 65 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PM shares. Stifel Nicolaus reduced their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. BTIG Research started coverage on Philip Morris International in a research report on Tuesday. They set a “buy” rating and a $216.00 price objective for the company. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.00.

Philip Morris International Trading Up 3.5%

Shares of PM opened at $194.67 on Thursday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $199.78. The firm has a fifty day simple moving average of $182.74 and a 200 day simple moving average of $175.12. The stock has a market capitalization of $303.41 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.22 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business earned $1.89 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.0%. Philip Morris International’s dividend payout ratio is 82.70%.

Key Headlines Impacting Philip Morris International

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

• Positive Sentiment: Philip Morris posted Q2 adjusted EPS of $2.20, topping estimates, while revenue of $11.19 billion also exceeded forecasts on strong smoke-free product sales and international growth.
• Positive Sentiment: Zyn and other smoke-free products continued to show strong demand, reinforcing the company’s transition away from traditional cigarettes. Reuters: Philip Morris beats second-quarter sales estimates
• Positive Sentiment: Management signaled confidence in the company’s long-term smoke-free strategy and said it plans to increase investment in the U.S. market. TipRanks: Philip Morris International Signals Confident Smoke-Free Future
• Neutral Sentiment: The company raised spending on Zyn, which could support growth, but also implies higher near-term investment needs. Yahoo Finance: Philip Morris Stock Rises as Earnings Highlight Nicotine Pouch Rebound
• Negative Sentiment: Philip Morris lowered its full-year EPS outlook, which may limit enthusiasm despite the strong quarter. Barrons: Philip Morris Stock Falls After It Cuts Guidance, but There Is One Bright Spot
• Negative Sentiment: Currency headwinds and conflict-related costs in the Middle East pressured the company’s profit forecast. Financial Post: Philip Morris Trims Forecast on Currencies, Iran War Costs

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.