HB Wealth Management LLC Purchases 7,649 Shares of Philip Morris International Inc. $PM

Key Points

• HB Wealth Management LLC increased its stake in Philip Morris International by 8.0% in the first quarter, buying 7,649 additional shares and bringing its total holdings to 102,958 shares worth about $17.0 million.
• Philip Morris International posted strong quarterly results, with earnings of $1.96 per share beating estimates and revenue of $10.15 billion topping forecasts, while revenue rose 9.1% year over year.
• The company declared a quarterly dividend of $1.47 per share, implying an annualized yield of 3.2%, and analysts currently rate the stock a “Moderate Buy” with a consensus price target of $194.62.

HB Wealth Management LLC increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,958 shares of the company's stock after purchasing an additional 7,649 shares during the quarter. HB Wealth Management LLC's holdings in Philip Morris International were worth $17,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Capital International Investors grew its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its holdings in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the period. Capital World Investors lifted its holdings in Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the period. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $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 last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $182.52 on Friday. The stock has a market cap of $284.47 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.14 and a beta of 0.38. The firm has a 50 day moving average price of $178.93 and a 200 day moving average price of $172.67. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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 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%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $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. Analysts predict that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is presently 82.70%.

Analyst Ratings Changes

Several brokerages have commented on PM. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Stifel Nicolaus dropped their price objective on Philip Morris International from $200.00 to $195.00 and set a "buy" rating for the company in a report on Friday, April 10th. Finally, Morgan Stanley upped their price objective on Philip Morris International from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.62.

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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