Capital Group Private Client Services Inc. Has $39.03 Million Holdings in Philip Morris International Inc. $PM

Capital Group Private Client Services Inc. cut its stake in Philip Morris International Inc. (NYSE:PM) by 78.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,618 shares of the company’s stock after selling 856,733 shares during the period. Philip Morris International accounts for about 0.7% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its 26th biggest position. Capital Group Private Client Services Inc.’s holdings in Philip Morris International were worth $39,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position 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 valued at $89,354,000 after buying an additional 5,681 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Philip Morris International by 10.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after acquiring an additional 51,399 shares during the last quarter. Trajan Wealth LLC raised its position in shares of 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 acquiring an additional 31,490 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake 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 period. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Philip Morris International by 295.8% during the second quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after acquiring an additional 50,610 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on 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 transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction 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 that occurred 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 transaction, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a research report on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their target price for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. UBS Group reiterated a “neutral” rating and set a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Finally, Citigroup boosted their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.83.

Philip Morris International Stock Up 1.8%

Shares of Philip Morris International stock opened at $173.07 on Tuesday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The business has a fifty day simple moving average of $175.37 and a 200 day simple moving average of $164.01. The stock has a market cap of $269.42 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its 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 analyst estimates of $10.40 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The company’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. Analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is currently 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.