Huber Capital Management LLC Purchases 24,556 Shares of Philip Morris International Inc. $PM

Huber Capital Management LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,415 shares of the company’s stock after acquiring an additional 24,556 shares during the period. Philip Morris International comprises approximately 3.5% of Huber Capital Management LLC’s holdings, making the stock its 9th largest holding. Huber Capital Management LLC’s holdings in Philip Morris International were worth $23,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dogwood Wealth Management LLC raised its position in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $28,000. Entrust Financial LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter valued at approximately $32,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PM. UBS Group dropped their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Morgan Stanley increased their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Price Performance

Shares of NYSE PM opened at $184.41 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The business’s fifty day moving average price is $172.61 and its two-hundred day moving average price is $169.80. The firm has a market capitalization of $287.41 billion, a PE ratio of 25.94, a P/E/G ratio of 2.13 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued 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 negative return on equity of 142.02% and a net margin of 11.61%.The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the company earned $1.69 earnings per share. 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. Equities research analysts expect that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. 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.