Axxcess Wealth Management LLC Sells 10,385 Shares of Philip Morris International Inc. $PM

Axxcess Wealth Management LLC reduced its stake in Philip Morris International Inc. (NYSE:PM) by 31.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,426 shares of the company’s stock after selling 10,385 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Philip Morris International were worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. AG Campbell Advisory LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter valued at $26,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $28,000. Vermillion Wealth Management Inc. lifted its holdings in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International in the fourth quarter worth $29,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.3%

PM opened at $187.31 on Thursday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The business’s 50-day moving average price is $180.23 and its 200-day moving average price is $173.37. The company has a market cap of $291.93 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.21 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the business posted $1.69 EPS. Philip Morris International’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. Equities research analysts forecast that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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 paid 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 of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio is 82.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PM shares. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley upped their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus decreased their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.