Westpac Banking Corp Sells 3,098 Shares of Philip Morris International Inc. $PM

Westpac Banking Corp trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 19.0% during the 1st quarter, Holdings Channel reports. The fund owned 13,170 shares of the company’s stock after selling 3,098 shares during the period. Westpac Banking Corp’s holdings in Philip Morris International were worth $2,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CacheTech Inc. lifted its position in Philip Morris International by 75.8% during the first quarter. CacheTech Inc. now owns 5,783 shares of the company’s stock valued at $956,000 after purchasing an additional 2,493 shares during the last quarter. HORAN Wealth LLC purchased a new position in shares of Philip Morris International in the 1st quarter worth $203,000. Wilkerson Advisory Group LLC increased its holdings in shares of Philip Morris International by 109.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. DUTCH ASSET Corp bought a new stake in shares of Philip Morris International in the 1st quarter worth about $226,000. Finally, Resolute Advisors LLC raised its position in shares of Philip Morris International by 45.2% during the 1st quarter. Resolute Advisors LLC now owns 1,988 shares of the company’s stock valued at $332,000 after buying an additional 619 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PM shares. Stifel Nicolaus lowered their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Finally, BTIG Research began coverage on Philip Morris International in a report on Tuesday. They issued a “buy” rating and a $216.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.00.

Philip Morris International News Summary

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris posted Q2 adjusted EPS of $2.20, topping estimates, while revenue of $11.19 billion also exceeded forecasts on strong smoke-free product sales and international growth.
• Positive Sentiment: Zyn and other smoke-free products continued to show strong demand, reinforcing the company’s transition away from traditional cigarettes. Reuters: Philip Morris beats second-quarter sales estimates
• Positive Sentiment: Management signaled confidence in the company’s long-term smoke-free strategy and said it plans to increase investment in the U.S. market. TipRanks: Philip Morris International Signals Confident Smoke-Free Future
• Neutral Sentiment: The company raised spending on Zyn, which could support growth, but also implies higher near-term investment needs. Yahoo Finance: Philip Morris Stock Rises as Earnings Highlight Nicotine Pouch Rebound
• Negative Sentiment: Philip Morris lowered its full-year EPS outlook, which may limit enthusiasm despite the strong quarter. Barrons: Philip Morris Stock Falls After It Cuts Guidance, but There Is One Bright Spot
• Negative Sentiment: Currency headwinds and conflict-related costs in the Middle East pressured the company’s profit forecast. Financial Post: Philip Morris Trims Forecast on Currencies, Iran War Costs

Philip Morris International Price Performance

Shares of NYSE PM opened at $194.67 on Thursday. The company has a market cap of $303.41 billion, a P/E ratio of 27.38, a PEG ratio of 2.22 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $199.78. The firm has a 50-day simple moving average of $182.74 and a two-hundred day simple moving average of $175.12.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 8.37 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 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.