Panagora Asset Management Inc. Purchases 176,873 Shares of Philip Morris International Inc. $PM

Panagora Asset Management Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,655,757 shares of the company’s stock after buying an additional 176,873 shares during the period. Philip Morris International accounts for 0.9% of Panagora Asset Management Inc.’s holdings, making the stock its 12th biggest holding. Panagora Asset Management Inc. owned about 0.11% of Philip Morris International worth $265,583,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the fourth quarter worth $26,000. Dogwood Wealth Management LLC grew its holdings in Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the fourth quarter worth $28,000. Entrust Financial LLC acquired a new stake in Philip Morris International in the fourth quarter worth $31,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Philip Morris International in the third quarter worth $32,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $184.41 on Monday. The stock has a market capitalization of $287.41 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.13 and a beta of 0.38. The company has a 50-day moving average price of $172.61 and a 200-day moving average price of $169.93. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company 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 research analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on PM shares. 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 report on Wednesday, June 3rd. Stifel Nicolaus reduced 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

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.