First Trust Advisors LP Decreases Position in Philip Morris International Inc. $PM

First Trust Advisors LP trimmed its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,135 shares of the company's stock after selling 7,418 shares during the quarter. First Trust Advisors LP's holdings in Philip Morris International were worth $64,670,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Philip Morris International by 22.2% during the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company's stock worth $101,146,000 after purchasing an additional 114,618 shares during the period. Global Retirement Partners LLC increased its stake in Philip Morris International by 40.3% in 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. World Investment Advisors increased its stake in Philip Morris International by 42.5% in the fourth quarter. World Investment Advisors now owns 115,267 shares of the company's stock valued at $18,489,000 after purchasing an additional 34,392 shares during the period. New York Life Investment Management LLC raised its holdings 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 buying an additional 7,600 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group upped their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.00.

More Philip Morris International News

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

• Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage
• Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage
• Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand
• Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn't Enough At This Price
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken

Philip Morris International Trading Up 0.9%

Shares of PM opened at $192.84 on Friday. The stock's 50 day moving average is $182.79 and its two-hundred day moving average is $175.46. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $199.78. The firm has a market capitalization of $300.55 billion, a PE ratio of 27.71, a P/E/G ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 13.05%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 8.35 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date 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 presently 84.48%.

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.

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