Resona Asset Management Co. Ltd. Has $80.02 Million Position in Philip Morris International Inc. $PM

Resona Asset Management Co. Ltd. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,256 shares of the company’s stock after acquiring an additional 11,185 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $80,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AG Campbell Advisory LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International in the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. grew its position in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after buying an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Morgan Stanley increased their price objective on shares of 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, Stifel Nicolaus reduced their target price on 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. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.62.

Philip Morris International Trading Down 0.3%

NYSE PM opened at $187.31 on Thursday. The company has a market cap of $291.93 billion, a P/E ratio of 26.34, a PEG ratio of 2.21 and a beta of 0.38. The company has a fifty day simple moving average of $180.23 and a 200 day simple moving average of $173.37. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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 firm 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 posted $1.69 earnings per share. The business’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. Sell-side analysts predict that Philip Morris International Inc. will post 8.39 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend 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.