Philip Morris International Inc. $PM Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC reduced its position in Philip Morris International Inc. (NYSE:PM) by 61.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,897 shares of the company’s stock after selling 3,000 shares during the period. Princeton Global Asset Management LLC’s holdings in Philip Morris International were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PM. Aspire Private Capital LLC boosted its holdings in shares of Philip Morris International by 45.3% during the first quarter. Aspire Private Capital LLC now owns 13,248 shares of the company’s stock worth $2,190,000 after purchasing an additional 4,133 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Philip Morris International by 106.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 83,104 shares of the company’s stock worth $13,740,000 after buying an additional 42,893 shares during the period. Diamant Asset Management Inc. lifted its position in Philip Morris International by 16,434.0% during the first quarter. Diamant Asset Management Inc. now owns 710,962 shares of the company’s stock worth $117,550,000 after buying an additional 706,662 shares during the period. AGH Wealth Advisors LLC boosted its stake in Philip Morris International by 5.0% in the 1st quarter. AGH Wealth Advisors LLC now owns 2,910 shares of the company’s stock worth $481,000 after buying an additional 139 shares during the last quarter. Finally, Cornerstone Wealth Group LLC grew its holdings in Philip Morris International by 2.9% in the 1st quarter. Cornerstone Wealth Group LLC now owns 38,081 shares of the company’s stock valued at $5,836,000 after buying an additional 1,056 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective 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. Stifel Nicolaus decreased their price target 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. UBS Group reduced their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $183.09 on Tuesday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The stock’s 50-day simple moving average is $177.12 and its 200-day simple moving average is $171.98. The firm has a market cap of $285.36 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.09 and a beta of 0.38.

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, beating analysts’ consensus estimates 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 firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the firm earned $1.69 EPS. Philip Morris International’s quarterly 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. As a group, research analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend 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.