Rakuten Investment Management Inc. Has $33.16 Million Stake in Philip Morris International Inc. $PM

Rakuten Investment Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 44.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 204,773 shares of the company’s stock after selling 165,559 shares during the period. Rakuten Investment Management Inc.’s holdings in Philip Morris International were worth $33,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Dogwood Wealth Management LLC grew its position in Philip Morris International by 96.5% during the third 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. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $28,000. Entrust Financial LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $31,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Philip Morris International during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Morgan Stanley increased their price target on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Barclays reissued an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $181.94 on Tuesday. The company’s 50 day moving average price is $173.09 and its two-hundred day moving average price is $170.10. The firm has a market capitalization of $283.57 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05.

Philip Morris International (NYSE:PM) last announced 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 net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the prior year, the business earned $1.69 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. 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, analysts expect that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Announces Dividend

The company 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 $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 82.70%.

About Philip Morris International

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.