Philip Morris International Inc. $PM Shares Sold by Hamlin Capital Management LLC

Hamlin Capital Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 634,664 shares of the company’s stock after selling 97,207 shares during the quarter. Philip Morris International comprises about 2.6% of Hamlin Capital Management LLC’s holdings, making the stock its 24th largest holding. Hamlin Capital Management LLC’s holdings in Philip Morris International were worth $114,817,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after purchasing an additional 1,793,949 shares during the period. Capital World Investors increased its stake in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after buying an additional 3,579,399 shares during the period. Capital International Investors increased its stake in Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its holdings in 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 worth $8,751,407,000 after buying an additional 11,013,173 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock worth $2,848,919,000 after buying an additional 1,847,421 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PM. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Citigroup lifted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley increased their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Performance

PM opened at $189.24 on Thursday. The company has a market capitalization of $294.95 billion, a P/E ratio of 27.19, a PEG ratio of 2.26 and a beta of 0.38. The company has a 50-day moving average of $183.59 and a 200-day moving average of $177.23. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 84.48%.

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.