Next Capital Management LLC Invests $559,000 in Philip Morris International Inc. $PM

Next Capital Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,380 shares of the company’s stock, valued at approximately $559,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Philip Morris International by 22.2% during the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after acquiring an additional 114,618 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after acquiring an additional 19,309 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Philip Morris International by 7.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock worth $91,840,000 after purchasing an additional 43,200 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Philip Morris International by 42.5% during the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after purchasing an additional 34,392 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after purchasing an additional 7,600 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus lowered their price objective on 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. Morgan Stanley upped their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report 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. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $194.62.

Philip Morris International Price Performance

Philip Morris International stock opened at $192.72 on Friday. The firm has a 50 day simple moving average of $182.37 and a 200-day simple moving average of $174.38. The stock has a market cap of $300.37 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $194.62.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating 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 firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the company earned $1.69 EPS. The business’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. Equities analysts expect that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s payout ratio is currently 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.