Bleakley Financial Group LLC Sells 12,350 Shares of Philip Morris International Inc. $PM

Bleakley Financial Group LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 11.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 98,803 shares of the company’s stock after selling 12,350 shares during the period. Bleakley Financial Group LLC’s holdings in Philip Morris International were worth $16,336,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AG Campbell Advisory LLC purchased a new stake in Philip Morris International in the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at approximately $29,000. Finally, Vermillion Wealth Management Inc. lifted its stake in Philip Morris International by 146.5% in the first 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 period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. Morgan Stanley lifted their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. UBS Group raised their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

Philip Morris International Stock Down 0.7%

NYSE PM opened at $180.32 on Tuesday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The firm has a market capitalization of $281.04 billion, a PE ratio of 25.36, a P/E/G ratio of 2.14 and a beta of 0.38. The stock’s 50 day moving average is $181.21 and its 200 day moving average is $173.83.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, research analysts anticipate that Philip Morris International Inc. will post 8.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 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.