GW&K Investment Management LLC Reduces Stock Position in Philip Morris International Inc. $PM

GW&K Investment Management LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 403,756 shares of the company’s stock after selling 3,408 shares during the period. GW&K Investment Management LLC’s holdings in Philip Morris International were worth $64,762,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its stake in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $28,000. Entrust Financial LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Philip Morris International during the 3rd quarter worth approximately $32,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Philip Morris International during the 2nd quarter worth approximately $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PM shares. Morgan Stanley raised their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Barclays reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 23rd. Citigroup raised their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, UBS Group dropped their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Ten 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $178.25 on Wednesday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The firm’s 50 day moving average price is $171.40 and its 200 day moving average price is $169.32. The firm has a market cap of $277.81 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 2.03 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the business earned $1.69 earnings per share. Philip Morris International’s revenue was up 9.1% compared to the same quarter last year. 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, equities analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current year.

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.