First American Bank Purchases 11,774 Shares of Philip Morris International Inc. $PM

First American Bank grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 99.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,630 shares of the company’s stock after purchasing an additional 11,774 shares during the period. First American Bank’s holdings in Philip Morris International were worth $3,907,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AG Campbell Advisory LLC purchased a new position in Philip Morris International during the fourth quarter worth about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter worth about $26,000. Dogwood Wealth Management LLC raised its holdings in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. boosted its position in shares of 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 acquiring an additional 104 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Stifel Nicolaus dropped their target price 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 cut their price target 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. Finally, Morgan Stanley increased their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Trading Down 0.1%

Shares of NYSE PM opened at $178.49 on Thursday. The stock has a market cap of $278.18 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.07 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The stock’s 50-day moving average is $175.72 and its 200 day moving average is $171.30.

Philip Morris International (NYSE:PM) last issued 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. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. 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, analysts forecast that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio is 82.70%.

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.