Swiss Life Asset Management Ltd Decreases Stock Position in Philip Morris International Inc. $PM

Swiss Life Asset Management Ltd trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,628 shares of the company’s stock after selling 32,927 shares during the period. Philip Morris International makes up 0.6% of Swiss Life Asset Management Ltd’s portfolio, making the stock its 27th biggest position. Swiss Life Asset Management Ltd’s holdings in Philip Morris International were worth $119,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Innova Wealth Partners acquired a new position in shares of Philip Morris International in the third quarter worth about $363,000. Steadtrust LLC grew its stake in Philip Morris International by 3.2% during the 3rd quarter. Steadtrust LLC now owns 2,639 shares of the company’s stock valued at $428,000 after purchasing an additional 81 shares in the last quarter. Groupama Asset Managment increased its holdings in Philip Morris International by 2.3% during the 3rd quarter. Groupama Asset Managment now owns 22,364 shares of the company’s stock worth $3,627,000 after purchasing an additional 510 shares during the last quarter. Payne Capital Management LLC increased its holdings in Philip Morris International by 11.1% during the 3rd quarter. Payne Capital Management LLC now owns 3,086 shares of the company’s stock worth $501,000 after purchasing an additional 308 shares during the last quarter. Finally, Cambria Investment Management L.P. raised its position in shares of Philip Morris International by 154.9% in the 3rd quarter. Cambria Investment Management L.P. now owns 8,779 shares of the company’s stock valued at $1,424,000 after purchasing an additional 5,335 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the sale, the chief executive officer owned 632,344 shares in the company, valued at $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction dated 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 $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PM shares. Barclays reiterated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. JPMorgan Chase & Co. cut their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Needham & Company LLC increased their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. UBS Group reissued a “neutral” rating and set a $181.50 price objective on shares of Philip Morris International in a report on Monday, February 9th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.83.

Philip Morris International Stock Down 4.0%

NYSE:PM opened at $165.87 on Thursday. The company has a market cap of $258.21 billion, a PE ratio of 22.82, a P/E/G ratio of 1.97 and a beta of 0.38. The business’s 50 day moving average is $177.10 and its two-hundred day moving average is $164.24. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the previous year, the business earned $1.55 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 80.88%.

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.