LGT Fund Management Co Ltd. Sells 3,363 Shares of Philip Morris International Inc. $PM

LGT Fund Management Co Ltd. lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,065 shares of the company’s stock after selling 3,363 shares during the period. LGT Fund Management Co Ltd.’s holdings in Philip Morris International were worth $7,286,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. AG Campbell Advisory LLC bought a new position in Philip Morris International in the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $26,000. Vermillion Wealth Management Inc. raised its stake 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 purchasing an additional 104 shares during the period. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International in the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth about $29,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.3%

PM traded up $0.60 during trading hours on Friday, hitting $181.77. The stock had a trading volume of 4,383,992 shares, compared to its average volume of 5,000,736. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The company’s fifty day simple moving average is $180.91 and its 200 day simple moving average is $173.60. The stock has a market cap of $283.30 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The business 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%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period 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. As a group, equities analysts expect that Philip Morris International Inc. will post 8.39 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s payout ratio is 82.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley raised their price target 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. Stifel Nicolaus lowered 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. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.62.

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.