ING Groep NV Sells 355,157 Shares of Philip Morris International Inc. $PM

ING Groep NV lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 53.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 314,772 shares of the company’s stock after selling 355,157 shares during the period. ING Groep NV’s holdings in Philip Morris International were worth $50,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Dogwood Wealth Management LLC increased its holdings in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International in the 4th quarter worth approximately $28,000. Entrust Financial LLC purchased a new stake in Philip Morris International in the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Philip Morris International in the 3rd quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in Philip Morris International in the 3rd quarter worth approximately $33,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM opened at $178.66 on Friday. The stock has a market capitalization of $278.45 billion, a price-to-earnings 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 1 year low of $142.11 and a 1 year high of $193.05. The business’s 50 day simple moving average is $170.84 and its 200-day simple moving average is $168.91.

Philip Morris International (NYSE:PM) last released its quarterly 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 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%. Philip Morris International’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 earnings per share. 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 expect that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PM. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Citigroup increased their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. UBS Group reduced 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 report on Friday, April 17th. Morgan Stanley increased their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. 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 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.