Lord Abbett & CO. LLC Lowers Position in Philip Morris International Inc. $PM

Lord Abbett & CO. LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,743,677 shares of the company’s stock after selling 281,923 shares during the quarter. Philip Morris International accounts for about 0.9% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 21st largest holding. Lord Abbett & CO. LLC’s holdings in Philip Morris International were worth $279,686,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group boosted its holdings in Philip Morris International by 10.2% during the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock valued at $49,251,000 after acquiring an additional 27,979 shares during the period. Trajan Wealth LLC boosted its holdings in Philip Morris International by 31.2% during the 3rd quarter. Trajan Wealth LLC now owns 132,295 shares of the company’s stock valued at $21,458,000 after acquiring an additional 31,490 shares during the period. Assetmark Inc. boosted its holdings in Philip Morris International by 22.2% during the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock valued at $101,146,000 after acquiring an additional 114,618 shares during the period. Global Retirement Partners LLC boosted its holdings in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after acquiring an additional 19,309 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Philip Morris International by 7.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock valued at $91,840,000 after acquiring an additional 43,200 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. UBS Group lowered their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Morgan Stanley raised their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $184.41 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The firm has a market capitalization of $287.41 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.38. The stock’s 50-day simple moving average is $172.61 and its 200-day simple moving average is $169.80.

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 the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. 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, sell-side analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s payout ratio is currently 82.70%.

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.