Strs Ohio Has $92.84 Million Stock Holdings in Philip Morris International Inc. $PM

Strs Ohio reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 561,502 shares of the company’s stock after selling 27,577 shares during the period. Strs Ohio’s holdings in Philip Morris International were worth $92,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AG Campbell Advisory LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. lifted its holdings 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 valued at $29,000 after buying an additional 104 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock opened at $182.52 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The firm has a market capitalization of $284.47 billion, a PE ratio of 25.67, a PEG ratio of 2.07 and a beta of 0.38. The business’s 50-day simple moving average is $178.56 and its 200-day simple moving average is $172.60.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 EPS. 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. Research analysts forecast that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 82.70%.

Analyst Ratings Changes

PM has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Stifel Nicolaus decreased their price objective 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. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley increased their price target on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

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.