Premier Fund Managers Ltd Purchases New Position in Philip Morris International Inc. $PM

by · The Cerbat Gem

Premier Fund Managers Ltd acquired a new position in Philip Morris International Inc. (NYSE:PM – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,126 shares of the company’s stock, valued at approximately $673,000.

A number of other large investors have also recently made changes to their positions in the business. Corient Private Wealth LLC grew its stake in Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after purchasing an additional 5,681 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Philip Morris International by 10.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock valued at $84,922,000 after buying an additional 51,399 shares in the last quarter. Dynasty Wealth Management LLC grew its position in shares of Philip Morris International by 53.0% in the 3rd quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock worth $4,505,000 after buying an additional 9,622 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Philip Morris International by 295.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after acquiring an additional 50,610 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Philip Morris International by 23.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock valued at $7,125,000 after acquiring an additional 8,392 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.1%

Shares of PM opened at $183.35 on Friday. The company has a market cap of $285.41 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 2.09 and a beta of 0.39. The business’s fifty day simple moving average is $170.72 and its two-hundred day simple moving average is $163.09. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $190.98.

Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. UBS Group reaffirmed a “neutral” rating and set a $181.50 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $200.00 price target on Philip Morris International in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. lowered their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.06.

Read Our Latest Stock Report on Philip Morris International

About Philip Morris International

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).