IFM Investors Pty Ltd Purchases 3,687 Shares of Philip Morris International Inc. $PM

IFM Investors Pty Ltd boosted its position in Philip Morris International Inc. (NYSE:PM) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,541 shares of the company’s stock after purchasing an additional 3,687 shares during the quarter. IFM Investors Pty Ltd’s holdings in Philip Morris International were worth $36,016,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Winning Points Advisors LLC bought a new position in Philip Morris International in the fourth quarter worth about $723,000. SmartHarvest Portfolios LLC bought a new position in Philip Morris International in the fourth quarter worth about $944,000. Empowered Funds LLC raised its holdings in Philip Morris International by 52.2% in the fourth quarter. Empowered Funds LLC now owns 129,632 shares of the company’s stock worth $20,793,000 after purchasing an additional 44,441 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Philip Morris International by 4.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 12,974 shares of the company’s stock worth $2,081,000 after purchasing an additional 589 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Philip Morris International by 2.8% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,829 shares of the company’s stock valued at $1,577,000 after acquiring an additional 265 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PM. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group lowered 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. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Morgan Stanley lifted their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Trading Down 1.1%

Shares of NYSE:PM opened at $180.94 on Friday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The company’s 50 day moving average is $172.08 and its 200 day moving average is $169.70. The company has a market cap of $282.00 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping 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 company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the prior year, the company 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. Equities research analysts predict that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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