Royal London Asset Management Ltd. Buys 27,331 Shares of Philip Morris International Inc. $PM

Royal London Asset Management Ltd. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207,282 shares of the company’s stock after purchasing an additional 27,331 shares during the period. Royal London Asset Management Ltd. owned 0.08% of Philip Morris International worth $193,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its stake in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International in the fourth quarter valued at about $28,000. Entrust Financial LLC bought a new stake in Philip Morris International in the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC acquired a new position in Philip Morris International in the third quarter valued at about $32,000. Finally, FNY Investment Advisers LLC acquired a new position in Philip Morris International in the third quarter valued at about $33,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PM shares. Stifel Nicolaus decreased their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley boosted their price objective 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. Barclays reiterated an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Trading Up 2.0%

NYSE PM opened at $184.41 on Friday. The stock has a 50 day moving average of $172.61 and a 200-day moving average of $169.80. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The company has a market cap of $287.41 billion, a PE ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period in the previous year, the business earned $1.69 EPS. Philip Morris International’s revenue for the quarter was up 9.1% compared to the same quarter last year. 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, sell-side analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

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.