Northwestern Mutual Wealth Management Co. Buys 12,682 Shares of Philip Morris International Inc. $PM

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 459,330 shares of the company’s stock after acquiring an additional 12,682 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Philip Morris International were worth $73,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the fourth quarter valued at about $28,000. Entrust Financial LLC bought a new stake in Philip Morris International during the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $32,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Philip Morris International in the third quarter worth about $33,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. UBS Group lowered their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Stifel Nicolaus cut their target price on shares of 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. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Barclays restated an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $177.67 on Friday. The company’s fifty day moving average is $169.70 and its 200-day moving average is $168.22. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The company has a market capitalization of $276.91 billion, a PE ratio of 24.99, a P/E/G ratio of 2.05 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the company earned $1.69 EPS. Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. 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, analysts forecast that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s dividend payout ratio is presently 82.70%.

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.