New York State Teachers Retirement System Sells 12,713 Shares of Philip Morris International Inc. $PM

Key Points

• New York State Teachers Retirement System trimmed its Philip Morris International stake by 1.0% in the first quarter, selling 12,713 shares and leaving it with 1,276,875 shares valued at about $211.1 million.
• Philip Morris beat earnings expectations in its latest quarter, reporting EPS of $1.96 versus $1.83 expected and revenue of $10.15 billion versus $9.95 billion forecast, with revenue up 9.1% year over year.
• The company also announced a quarterly dividend of $1.47 per share, implying an annualized payout of $5.88 and a dividend yield of 3.2%, while analysts currently rate the stock a Moderate Buy with a consensus target of $194.62.

New York State Teachers Retirement System lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,276,875 shares of the company's stock after selling 12,713 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Philip Morris International worth $211,119,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PM. Resurgent Financial Advisors LLC lifted its holdings in shares of Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock worth $244,000 after buying an additional 54 shares during the period. Douglass Winthrop Advisors LLC increased its stake in shares of Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock valued at $2,942,000 after buying an additional 56 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock valued at $212,000 after buying an additional 58 shares during the period. Aristotle Capital Management LLC raised its holdings in shares of Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock valued at $222,000 after acquiring an additional 58 shares in the last quarter. Finally, Tranquility Partners LLC lifted its stake in Philip Morris International by 2.4% in the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company's stock worth $399,000 after acquiring an additional 59 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE PM opened at $182.52 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The business has a fifty day moving average price of $178.56 and a 200 day moving average price of $172.60. The stock has a market capitalization of $284.47 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.38.

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 (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 negative return on equity of 142.02% and a net margin of 11.61%.The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International's payout ratio is presently 82.70%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. Morgan Stanley boosted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the company an "overweight" rating in a report 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. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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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