Philip Morris International Inc. $PM Holdings Raised by Bessemer Group Inc.

Key Points

• Bessemer Group Inc. increased its stake in Philip Morris International by 22.8% in the first quarter, adding 163,729 shares and bringing its total holdings to 881,714 shares worth about $145.8 million.
• Wall Street sentiment remains broadly positive, with 10 analysts rating PM a Buy and the stock carrying a “Moderate Buy” consensus and average price target of $194.62.
• Philip Morris beat quarterly expectations, reporting EPS of $1.96 on revenue of $10.15 billion, and it also announced a quarterly dividend of $1.47 per share, implying a 3.1% yield.

Bessemer Group Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 22.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 881,714 shares of the company's stock after purchasing an additional 163,729 shares during the quarter. Bessemer Group Inc. owned about 0.06% of Philip Morris International worth $145,783,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Stifel Nicolaus dropped their price objective on Philip Morris International from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Finally, Morgan Stanley boosted their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $194.62.

Philip Morris International Price Performance

Shares of PM opened at $189.85 on Friday. The firm's 50 day moving average is $181.93 and its 200-day moving average is $174.25. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock has a market capitalization of $295.89 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.13 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion during 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business 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 forecast that Philip Morris International Inc. will post 8.37 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, June 25th. Philip Morris International's dividend payout ratio is 82.70%.

Philip Morris International Company 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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