Philip Morris International Inc. $PM Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 473,071 shares of the company’s stock after selling 14,813 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $76,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hartford Funds Management Co LLC increased its position in Philip Morris International by 33.7% during the 4th quarter. Hartford Funds Management Co LLC now owns 18,245 shares of the company’s stock worth $2,927,000 after purchasing an additional 4,603 shares in the last quarter. Paradigm Capital Management LLC NV increased its position in Philip Morris International by 7.5% during the 4th quarter. Paradigm Capital Management LLC NV now owns 5,856 shares of the company’s stock worth $939,000 after purchasing an additional 409 shares in the last quarter. Csenge Advisory Group increased its position in Philip Morris International by 2.1% during the 4th quarter. Csenge Advisory Group now owns 42,847 shares of the company’s stock worth $6,873,000 after purchasing an additional 889 shares in the last quarter. ProShare Advisors LLC increased its position in Philip Morris International by 8.9% during the 4th quarter. ProShare Advisors LLC now owns 283,538 shares of the company’s stock worth $45,479,000 after purchasing an additional 23,142 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Philip Morris International by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 973,696 shares of the company’s stock worth $156,181,000 after purchasing an additional 34,549 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PM shares. UBS Group dropped their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Citigroup increased their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Barclays reissued an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $220.00 to $180.00 in a research report 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 investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International Stock Up 1.1%

NYSE PM opened at $191.62 on Tuesday. The stock has a market cap of $298.65 billion, a PE ratio of 26.95, a P/E/G ratio of 2.18 and a beta of 0.37. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $192.95. The business has a 50 day moving average price of $167.22 and a two-hundred day moving average price of $165.99.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS. 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. Sell-side analysts anticipate that Philip Morris International Inc. will post 8.45 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 82.70%.

Insider Buying and Selling

In other news, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer 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 SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate 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.