Wealthcare Advisory Partners LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 33.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,528 shares of the company’s stock after selling 6,789 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Philip Morris International were worth $2,170,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in Philip Morris International by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after buying an additional 5,681 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Philip Morris International by 10.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after purchasing an additional 51,399 shares during the last quarter. Schroder Investment Management Group raised its holdings in Philip Morris International by 10.2% in the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock valued at $49,251,000 after buying an additional 27,979 shares during the period. Trajan Wealth LLC boosted its stake in Philip Morris International by 31.2% during the third quarter. Trajan Wealth LLC now owns 132,295 shares of the company’s stock worth $21,458,000 after buying an additional 31,490 shares during the period. Finally, Dynasty Wealth Management LLC increased its position in shares of Philip Morris International by 53.0% during the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock valued at $4,505,000 after acquiring an additional 9,622 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on PM shares. Stifel Nicolaus set a $200.00 target price on Philip Morris International in a research note on Monday, February 9th. Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $196.83.
Philip Morris International Trading Up 0.0%
NYSE PM opened at $163.62 on Monday. The company has a market cap of $254.70 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.86 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The company has a fifty day simple moving average of $176.60 and a 200 day simple moving average of $164.21.
Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period last year, the business posted $1.55 earnings per share. 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 forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s payout ratio is currently 80.88%.
Insider Activity
In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 directly owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.
About Philip Morris International
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.
Further Reading
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