Meadowbrook Advisors Group LLC Takes Position in Philip Morris International Inc. $PM

by · The Markets Daily

Meadowbrook Advisors Group LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,019 shares of the company’s stock, valued at approximately $484,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. Capital World Investors raised its stake in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. Capital International Investors raised its stake in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Philip Morris International by 2.5% during the fourth quarter. Invesco Ltd. now owns 15,631,408 shares of the company’s stock worth $2,507,278,000 after purchasing an additional 383,786 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Morgan Stanley raised their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Stifel Nicolaus reduced their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

Get Our Latest Research Report on PM

Philip Morris International Stock Performance

Shares of NYSE PM opened at $178.68 on Friday. The company’s 50 day moving average price is $174.79 and its 200-day moving average price is $170.67. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The company has a market capitalization of $278.48 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38.

Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings data 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 net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the company posted $1.69 earnings per share. Philip Morris International’s revenue for the quarter 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. 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 declared 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 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

Philip Morris International 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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