Philip Morris International Inc. $PM Stock Holdings Reduced by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 21.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,089 shares of the company’s stock after selling 5,086 shares during the quarter. Modera Wealth Management LLC’s holdings in Philip Morris International were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after purchasing an additional 114,618 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after purchasing an additional 19,309 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Philip Morris International by 7.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock valued at $91,840,000 after purchasing an additional 43,200 shares during the period. World Investment Advisors increased its stake in shares of Philip Morris International by 42.5% in the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock valued at $18,489,000 after acquiring an additional 34,392 shares during the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after purchasing an additional 7,600 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 1.5%

Shares of PM stock opened at $192.72 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $194.62. The firm has a 50 day moving average price of $182.37 and a two-hundred day moving average price of $174.38. The company has a market capitalization of $300.37 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the firm posted $1.69 EPS. The company’s revenue for the quarter 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. As a group, research analysts expect that Philip Morris International Inc. will post 8.37 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PM. Stifel Nicolaus lowered their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. 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. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.