Royal Bank of Canada Cuts Stock Holdings in Philip Morris International Inc. $PM

Royal Bank of Canada trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,622,716 shares of the company’s stock after selling 503,328 shares during the period. Royal Bank of Canada’s holdings in Philip Morris International were worth $1,062,283,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International during the fourth quarter valued at $26,000. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% during the third 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. purchased a new position in Philip Morris International during the fourth quarter valued at $28,000. Entrust Financial LLC purchased a new position in Philip Morris International during the fourth quarter valued at $31,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Philip Morris International during the third quarter valued at $32,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.4%

PM stock opened at $184.32 on Wednesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The company has a fifty day simple moving average of $173.62 and a two-hundred day simple moving average of $170.30. The firm has a market capitalization of $287.27 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.10 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating 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 business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the business earned $1.69 earnings per share. Philip Morris International’s quarterly revenue was up 9.1% compared to the same quarter last year. 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, analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s payout ratio is currently 82.70%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group cut their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Stifel Nicolaus lowered 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 report on Friday, April 10th. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.

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.