Louisiana State Employees Retirement System Acquires Shares of 79,300 Philip Morris International Inc. $PM

by · The Cerbat Gem

Louisiana State Employees Retirement System bought a new position in Philip Morris International Inc. (NYSE:PM – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 79,300 shares of the company’s stock, valued at approximately $13,111,000.

Other institutional investors have also recently made changes to their positions in the company. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the 4th quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Dogwood Wealth Management LLC lifted its stake in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International in the fourth quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $178.91 on Friday. The business has a 50 day moving average of $176.11 and a 200 day moving average of $171.52. The company has a market capitalization of $278.85 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.07 and a beta of 0.38. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $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, sell-side analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 82.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PM shares. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Stifel Nicolaus cut 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 research note on Friday, April 10th. Morgan Stanley increased 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. Finally, Weiss Ratings restated 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.88.

Read Our Latest Stock Analysis on Philip Morris International

Philip Morris International Company Profile

(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.

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