Tanaka Capital Management Inc. Lowers Holdings in Philip Morris International Inc. $PM

Tanaka Capital Management Inc. lowered its position in Philip Morris International Inc. (NYSE:PM) by 55.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,851 shares of the company’s stock after selling 3,485 shares during the quarter. Philip Morris International makes up about 0.6% of Tanaka Capital Management Inc.’s portfolio, making the stock its 23rd biggest position. Tanaka Capital Management Inc.’s holdings in Philip Morris International were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. grew its position in shares of Philip Morris International by 15.0% during the 1st quarter. Edgestream Partners L.P. now owns 4,993 shares of the company’s stock worth $826,000 after buying an additional 653 shares in the last quarter. RBF Capital LLC purchased a new stake in Philip Morris International in the first quarter worth about $992,000. Kentucky Retirement Systems grew its holdings in Philip Morris International by 35.2% during the 1st quarter. Kentucky Retirement Systems now owns 132,277 shares of the company’s stock worth $21,871,000 after acquiring an additional 34,457 shares in the last quarter. Centaurus Financial Inc. increased its position in Philip Morris International by 0.8% during the 1st quarter. Centaurus Financial Inc. now owns 11,504 shares of the company’s stock valued at $1,902,000 after purchasing an additional 96 shares during the period. Finally, Bull Harbor Capital LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $704,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.6%

Shares of PM stock opened at $199.04 on Thursday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The business’s fifty day simple moving average is $183.26 and its 200-day simple moving average is $176.46. The company has a market cap of $310.22 billion, a PE ratio of 28.60, a PEG ratio of 2.42 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PM. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus upped their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Barclays raised their price objective on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.22.

Philip Morris International Company 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.