State of Wisconsin Investment Board Trims Holdings in Philip Morris International Inc. $PM

State of Wisconsin Investment Board trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 813,108 shares of the company’s stock after selling 50,074 shares during the period. State of Wisconsin Investment Board’s holdings in Philip Morris International were worth $130,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after acquiring an additional 1,793,949 shares during the period. Capital World Investors raised its stake in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the period. Capital International Investors raised its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors raised its stake in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Philip Morris International by 2.8% in the 3rd quarter. Northern Trust Corp now owns 14,701,879 shares of the company’s stock valued at $2,384,645,000 after acquiring an additional 401,381 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PM shares. Stifel Nicolaus reduced 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 research note on Friday, April 10th. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Finally, UBS Group cut their target price 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Up 1.4%

Shares of PM opened at $184.32 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The firm’s 50 day moving average price is $173.62 and its 200 day moving average price is $170.30. The company has a market cap of $287.27 billion, a P/E ratio of 25.92, a PEG ratio of 2.10 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 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 the consensus estimate of $9.95 billion. During the same period in the prior year, the firm earned $1.69 EPS. The firm’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. 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 firm 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. 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.