Hillsdale Investment Management Inc. Sells 10,945 Shares of Philip Morris International Inc. $PM

Hillsdale Investment Management Inc. reduced its position in Philip Morris International Inc. (NYSE:PM) by 74.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,661 shares of the company’s stock after selling 10,945 shares during the period. Hillsdale Investment Management Inc.’s holdings in Philip Morris International were worth $605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Assetmark Inc. raised its holdings in Philip Morris International by 22.2% in the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock valued at $101,146,000 after acquiring an additional 114,618 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after acquiring an additional 19,309 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Philip Morris International by 7.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock worth $91,840,000 after acquiring an additional 43,200 shares during the period. World Investment Advisors grew its position in shares of Philip Morris International by 42.5% in the fourth quarter. World Investment Advisors now owns 115,267 shares of the company’s stock valued at $18,489,000 after purchasing an additional 34,392 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of 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 valued at $34,745,000 after purchasing an additional 7,600 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PM. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley lifted their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.62.

Philip Morris International Trading Up 5.0%

Philip Morris International stock opened at $189.85 on Friday. The stock has a 50-day moving average price of $181.93 and a two-hundred day moving average price of $174.25. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The company has a market capitalization of $295.89 billion, a PE ratio of 26.70, a P/E/G ratio of 2.13 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. 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, analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

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.