Howe & Rusling Inc. Sells 4,695 Shares of Philip Morris International Inc. $PM

Howe & Rusling Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 116,687 shares of the company’s stock after selling 4,695 shares during the quarter. Philip Morris International accounts for approximately 1.2% of Howe & Rusling Inc.’s investment portfolio, making the stock its 24th biggest holding. Howe & Rusling Inc.’s holdings in Philip Morris International were worth $18,717,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its holdings in shares of Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $28,000. Entrust Financial LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $31,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Philip Morris International in the third quarter valued at about $32,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Morgan Stanley upped their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Performance

PM opened at $184.32 on Wednesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The firm has a market capitalization of $287.27 billion, a PE ratio of 25.92, a PEG ratio of 2.10 and a beta of 0.38. The business’s 50-day simple moving average is $173.62 and its 200 day simple moving average is $170.30.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $1.69 earnings per share. Philip Morris International’s 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. On average, research analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Dividend Announcement

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