DoubleLine ETF Adviser LP Acquires New Stake in Philip Morris International Inc. $PM

DoubleLine ETF Adviser LP acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 29,783 shares of the company’s stock, valued at approximately $4,831,000. Philip Morris International accounts for 1.5% of DoubleLine ETF Adviser LP’s portfolio, making the stock its 15th biggest position.

A number of other large investors have also bought and sold shares of the company. Traub Capital Management LLC purchased a new position in shares of Philip Morris International during the 2nd quarter valued at $25,000. Marquette Asset Management LLC grew its stake in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Dogwood Wealth Management LLC increased its holdings in Philip Morris International by 96.5% in 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. Estabrook Capital Management bought a new stake in Philip Morris International in the 2nd quarter valued at about $30,000. Finally, Anfield Capital Management LLC raised its stake in Philip Morris International by 185.5% in the 2nd quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock valued at $36,000 after acquiring an additional 128 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In other news, CEO Jacek Olczak sold 80,000 shares of the company’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 transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This 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 the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PM shares. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. UBS Group reissued a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.83.

Philip Morris International Stock Up 1.5%

Shares of NYSE PM opened at $174.52 on Friday. The company has a market cap of $271.67 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.99 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The business has a 50-day simple moving average of $176.24 and a two-hundred day simple moving average of $164.12.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share 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 firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. 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 anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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

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.