Public Employees Retirement Association of Colorado Decreases Stock Position in Philip Morris International Inc. $PM

Public Employees Retirement Association of Colorado lessened its stake in Philip Morris International Inc. (NYSE:PM) by 1.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,130,917 shares of the company’s stock after selling 40,646 shares during the quarter. Philip Morris International makes up about 1.3% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 16th biggest holding. Public Employees Retirement Association of Colorado’s holdings in Philip Morris International were worth $341,799,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $26,000. Dogwood Wealth Management LLC raised its position in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $28,000. Entrust Financial LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $31,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at approximately $32,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.1%

PM stock opened at $184.41 on Monday. The firm has a market cap of $287.41 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock’s 50 day simple moving average is $172.61 and its 200 day simple moving average is $169.93.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.69 EPS. 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. On average, research analysts forecast that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PM. Stifel Nicolaus cut their target price 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. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley upped their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, UBS Group cut their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

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.