Night Squared LP Invests $13.39 Million in Philip Morris International Inc. $PM

Night Squared LP purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, Holdings Channel reports. The firm purchased 83,497 shares of the company’s stock, valued at approximately $13,393,000. Philip Morris International makes up approximately 3.8% of Night Squared LP’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors also recently modified their holdings of PM. Capital International Investors increased its holdings in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after buying an additional 12,227,004 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after buying an additional 11,013,173 shares in the last quarter. Capital World Investors increased its holdings in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after buying an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Philip Morris International by 36.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after buying an additional 2,475,204 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Philip Morris International by 1,547.2% during the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock worth $362,539,000 after buying an additional 2,123,002 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PM shares. UBS Group cut their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Stifel Nicolaus cut their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Morgan Stanley lifted 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Stock Up 1.4%

PM stock opened at $184.32 on Wednesday. The firm has a market cap of $287.27 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.10 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The company’s fifty day simple moving average is $173.62 and its 200 day simple moving average is $170.30.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the business earned $1.69 earnings per share. The business’s quarterly 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. Research analysts expect that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is currently 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.