Kentucky Retirement Systems Buys 34,457 Shares of Philip Morris International Inc. $PM

Kentucky Retirement Systems increased its stake in Philip Morris International Inc. (NYSE:PM) by 35.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 132,277 shares of the company’s stock after buying an additional 34,457 shares during the quarter. Philip Morris International makes up about 0.8% of Kentucky Retirement Systems’ portfolio, making the stock its 29th largest position. Kentucky Retirement Systems’ holdings in Philip Morris International were worth $21,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. AG Campbell Advisory LLC bought a new position in Philip Morris International in the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. lifted its holdings in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after buying an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $29,000. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PM. Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Needham & Company LLC increased their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.22.

Philip Morris International Trading Down 0.6%

PM stock opened at $199.04 on Thursday. The company’s 50 day moving average is $183.26 and its 200 day moving average is $176.46. The stock has a market cap of $310.22 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.42 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Philip Morris International’s revenue for the quarter 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. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

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.