Chesley Taft & Associates LLC Reduces Holdings in Philip Morris International Inc. $PM

Chesley Taft & Associates LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 56.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,675 shares of the company’s stock after selling 6,113 shares during the period. Chesley Taft & Associates LLC’s holdings in Philip Morris International were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter worth $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International in the 4th quarter worth $26,000. Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International in the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. boosted its position in Philip Morris International by 146.5% in 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. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM stock opened at $189.65 on Friday. The firm has a market cap of $295.58 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.29 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The firm has a fifty day moving average of $184.01 and a two-hundred day moving average of $177.42.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PM shares. Stifel Nicolaus lifted their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Needham & Company LLC increased their price target on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.89.

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.