Huntington National Bank Buys 4,250 Shares of Philip Morris International Inc. $PM

Huntington National Bank boosted its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,194 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Huntington National Bank’s holdings in Philip Morris International were worth $29,065,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International during the second quarter worth about $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC lifted its stake in Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in 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 acquiring an additional 82 shares during the last quarter. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $30,000. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the transaction, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Down 0.5%

NYSE:PM opened at $186.55 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The firm has a market capitalization of $290.40 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.14 and a beta of 0.39. The stock’s 50 day moving average price is $173.71 and its two-hundred day moving average price is $163.78.

Philip Morris International (NYSE:PMGet Free Report) last posted its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period in the previous year, the firm earned $1.55 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s payout ratio is presently 80.88%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PM shares. UBS Group restated a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a report on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 9th. Needham & Company LLC increased their price target on Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.83.

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Philip Morris International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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