Russell Investments Group Ltd. Sells 39,564 Shares of Philip Morris International Inc. $PM

Russell Investments Group Ltd. cut its stake in Philip Morris International Inc. (NYSE:PM) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,015,701 shares of the company’s stock after selling 39,564 shares during the quarter. Russell Investments Group Ltd.’s holdings in Philip Morris International were worth $183,774,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International in the 2nd quarter worth about $29,000. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% during the 1st 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, Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 3.0%

NYSE:PM opened at $184.76 on Tuesday. The business’s 50-day moving average price is $185.41 and its two-hundred day moving average price is $178.06. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a market cap of $287.97 billion, a P/E ratio of 26.55, a PEG ratio of 2.30 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Needham & Company LLC increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Barclays increased their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

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.