State Street Corp Buys 45,226 Shares of Philip Morris International Inc. $PM

State Street Corp boosted its stake in Philip Morris International Inc. (NYSE:PM) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 54,996,480 shares of the company’s stock after acquiring an additional 45,226 shares during the quarter. State Street Corp’s holdings in Philip Morris International were worth $8,901,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Dogwood Wealth Management LLC lifted 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 purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $28,000. Entrust Financial LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International during the third quarter worth $32,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Philip Morris International during the third quarter worth $33,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Morgan Stanley lifted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $184.41 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The firm’s fifty day moving average is $172.61 and its 200-day moving average is $169.80. The firm has a market cap of $287.41 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the firm earned $1.69 earnings per share. Philip Morris International’s quarterly revenue 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. Sell-side analysts forecast that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) 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.