Whittier Trust Co. of Nevada Inc. Has $25.55 Million Holdings in Philip Morris International Inc. $PM

Whittier Trust Co. of Nevada Inc. lessened its position in Philip Morris International Inc. (NYSE:PM) by 19.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 159,358 shares of the company’s stock after selling 39,640 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Philip Morris International were worth $25,552,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC acquired a new stake in Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth $26,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth $28,000. Vermillion Wealth Management Inc. grew its holdings in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus reduced 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 report on Friday, April 10th. UBS Group boosted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.62.

Philip Morris International Price Performance

Shares of NYSE PM opened at $182.52 on Monday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The business’s 50-day moving average price is $178.93 and its two-hundred day moving average price is $172.77. The company has a market capitalization of $284.47 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $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, equities analysts anticipate that Philip Morris International Inc. will post 8.39 EPS for the current year.

Philip Morris International Announces Dividend

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

About Philip Morris International

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.