Bessemer Group Inc. Has $145.78 Million Holdings in Philip Morris International Inc. $PM

Bessemer Group Inc. lifted its position in Philip Morris International Inc. (NYSE:PM) by 22.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 881,714 shares of the company’s stock after acquiring an additional 163,729 shares during the quarter. Bessemer Group Inc.’s holdings in Philip Morris International were worth $145,783,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Capital International Investors boosted its holdings in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 25.3% during 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 buying an additional 11,013,173 shares during the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 36.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock valued at $1,491,898,000 after buying an additional 2,475,204 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Philip Morris International by 1,547.2% in the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after buying an additional 2,123,002 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 5.0%

Shares of PM stock opened at $189.85 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The company has a market cap of $295.89 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.13 and a beta of 0.38. The business’s 50 day moving average is $181.93 and its two-hundred day moving average is $174.25.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. 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. As a group, equities analysts expect that Philip Morris International Inc. will post 8.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s payout ratio is currently 82.70%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Morgan Stanley increased their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Stifel Nicolaus reduced their price objective 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. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.62.

Philip Morris International 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.