Night Squared LP Invests $13.39 Million in Philip Morris International Inc. $PM

Night Squared LP bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 83,497 shares of the company’s stock, valued at approximately $13,393,000. Philip Morris International accounts for about 3.8% of Night Squared LP’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds also recently made changes to their positions in PM. Capital International Investors increased its holdings in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors increased its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Capital World Investors increased its holdings in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Philip Morris International by 36.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Philip Morris International by 1,547.2% during the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock worth $362,539,000 after purchasing an additional 2,123,002 shares during the period. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group decreased their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Barclays reissued an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 23rd. Stifel Nicolaus decreased their price objective on shares of 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, Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $184.32 on Wednesday. The company’s 50 day simple moving average is $173.62 and its 200 day simple moving average is $170.30. The stock has a market capitalization of $287.27 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.10 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the firm posted $1.69 earnings per share. The firm’s quarterly revenue 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, analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

About Philip Morris International

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.