Pallas Capital Advisors LLC Lowers Holdings in Philip Morris International Inc. $PM

Pallas Capital Advisors LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 19.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,057 shares of the company’s stock after selling 4,394 shares during the period. Pallas Capital Advisors LLC’s holdings in Philip Morris International were worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Philip Morris International in the 2nd quarter worth approximately $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $25,000. Marquette Asset Management LLC boosted its position in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Briaud Financial Planning Inc boosted its holdings in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International in the second quarter worth about $30,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $187.35 on Tuesday. The stock has a market cap of $291.64 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.39. The stock has a 50-day moving average of $168.12 and a two-hundred day moving average of $162.51. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $190.98.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is presently 80.88%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PM shares. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. JPMorgan Chase & Co. cut their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Citigroup increased their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.06.

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.