Martingale Asset Management L P Sells 13,377 Shares of Philip Morris International Inc. $PM

Martingale Asset Management L P decreased its stake in Philip Morris International Inc. (NYSE:PM) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,949 shares of the company’s stock after selling 13,377 shares during the period. Philip Morris International makes up 0.9% of Martingale Asset Management L P’s portfolio, making the stock its 19th largest holding. Martingale Asset Management L P’s holdings in Philip Morris International were worth $35,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Traub Capital Management LLC bought a new stake in Philip Morris International in the 2nd quarter valued at $25,000. Marquette Asset Management LLC grew its position 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 worth $26,000 after purchasing an additional 151 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings 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 during the period. Estabrook Capital Management bought a new position in shares of Philip Morris International during the 2nd quarter worth about $30,000. Finally, Anfield Capital Management LLC raised its position in shares of Philip Morris International by 185.5% during the second quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock valued at $36,000 after buying an additional 128 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 3.0%

NYSE PM opened at $171.90 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30. The company has a market capitalization of $267.59 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.90 and a beta of 0.38. The stock’s 50 day moving average is $175.95 and its two-hundred day moving average is $164.09.

Philip Morris International (NYSE:PM) last issued its earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.70. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.Philip Morris International’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. 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. On average, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 80.88%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 9th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and lowered their price target for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Barclays reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.83.

Insiders Place Their Bets

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

Philip Morris International 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.