Elwood Capital Partners LP Sells 12,500 Shares of Philip Morris International Inc. $PM

Elwood Capital Partners LP lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 30.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 28,761 shares of the company’s stock after selling 12,500 shares during the period. Philip Morris International accounts for 2.8% of Elwood Capital Partners LP’s portfolio, making the stock its 9th largest position. Elwood Capital Partners LP’s holdings in Philip Morris International were worth $4,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Traub Capital Management LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth $25,000. Marquette Asset Management LLC boosted its holdings in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Estabrook Capital Management acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $30,000. Dogwood Wealth Management LLC grew its position in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the period. Finally, Anfield Capital Management LLC increased its stake in shares of 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 last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.5%

Shares of PM stock opened at $174.52 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The firm has a fifty day moving average of $176.24 and a 200-day moving average of $164.12. The company has a market capitalization of $271.67 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.99 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate of $1.70. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. 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. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PM shares. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. UBS Group reissued a “neutral” rating and set a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Needham & Company LLC raised their price objective on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Citigroup lifted their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the sale, the chief executive officer owned 632,344 shares in the company, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 of the company’s stock, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their position. 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.