First Manhattan CO. LLC. Acquires 20,910 Shares of Philip Morris International Inc. $PM

First Manhattan CO. LLC. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,814,641 shares of the company’s stock after buying an additional 20,910 shares during the quarter. Philip Morris International makes up 0.8% of First Manhattan CO. LLC.’s portfolio, making the stock its 27th largest position. First Manhattan CO. LLC.’s holdings in Philip Morris International were worth $293,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International during the 4th quarter worth about $26,000. Dogwood Wealth Management LLC lifted its position in Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the 4th quarter worth about $28,000. Entrust Financial LLC bought a new stake in Philip Morris International during the 4th quarter worth about $31,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Philip Morris International during the 3rd quarter worth about $32,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. 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 report on Monday, February 23rd. Stifel Nicolaus dropped their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Performance

Shares of PM stock opened at $179.43 on Thursday. The firm’s 50-day moving average is $174.01 and its 200-day moving average is $170.46. The stock has a market cap of $279.64 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion for 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior 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. Sell-side analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 82.70%.

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.