Wealthfront Advisers LLC Boosts Stake in Philip Morris International Inc. $PM

Wealthfront Advisers LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 3.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 199,970 shares of the company’s stock after acquiring an additional 6,827 shares during the quarter. Wealthfront Advisers LLC’s holdings in Philip Morris International were worth $33,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Capital International Investors increased its holdings in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors boosted its stake in Philip Morris International by 25.3% during the 4th 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 grew its position in Philip Morris International by 2.8% during the 4th 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 last quarter. Massachusetts Financial Services Co. MA grew its position in Philip Morris International by 36.3% during the 4th 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 last quarter. Finally, SG Americas Securities LLC increased its stake in Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after purchasing an additional 2,123,002 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Nicolaus reduced their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Morgan Stanley increased their price target on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. 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 data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $180.98 on Thursday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The firm has a market capitalization of $282.07 billion, a P/E ratio of 25.45, a PEG ratio of 2.08 and a beta of 0.38. The company’s fifty day moving average is $181.56 and its two-hundred day moving average is $174.05.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The business 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 EPS. 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. On average, sell-side analysts forecast that Philip Morris International Inc. will post 8.37 earnings per share 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. Shareholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.