Daiwa Securities Group Inc. Raises Stake in Philip Morris International Inc. $PM

Daiwa Securities Group Inc. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 401,515 shares of the company’s stock after buying an additional 20,299 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Philip Morris International were worth $64,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Dogwood Wealth Management LLC grew its holdings in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International during the third quarter worth about $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Philip Morris International during the third quarter worth about $33,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Citigroup raised their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Morgan Stanley raised their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group decreased their target price on shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Stock Performance

PM opened at $175.05 on Friday. The company’s 50 day simple moving average is $170.57 and its 200 day simple moving average is $168.84. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The stock has a market capitalization of $272.82 billion, a PE ratio of 24.62, a P/E/G ratio of 2.03 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.69 earnings per share. 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. As a group, sell-side analysts expect that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

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.