SG Americas Securities LLC Has $345.75 Million Stake in Philip Morris International Inc. $PM

SG Americas Securities LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,091,125 shares of the company’s stock after selling 169,092 shares during the quarter. SG Americas Securities LLC’s holdings in Philip Morris International were worth $345,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International during the 4th quarter worth $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $26,000. Dogwood Wealth Management LLC increased its stake in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the period. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.2%

PM stock opened at $178.68 on Monday. The business’s fifty day moving average is $174.79 and its 200-day moving average is $170.77. The company has a market cap of $278.48 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the company earned $1.69 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. 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. Research analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. Morgan Stanley raised their price target on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Barclays reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Stifel Nicolaus reduced 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 research note on Friday, April 10th. Finally, UBS Group lowered their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.