ProShare Advisors LLC Buys 23,142 Shares of Philip Morris International Inc. $PM

ProShare Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 8.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 283,538 shares of the company’s stock after acquiring an additional 23,142 shares during the period. ProShare Advisors LLC’s holdings in Philip Morris International were worth $45,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC grew its position in shares of Philip Morris International by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 973,696 shares of the company’s stock valued at $156,181,000 after buying an additional 34,549 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Philip Morris International by 4.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 119,959 shares of the company’s stock valued at $19,241,000 after buying an additional 4,907 shares during the last quarter. Stronghold Wealth Management L.L.C. bought a new stake in shares of Philip Morris International in the 4th quarter valued at $421,000. Entrust Financial LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at $31,000. Finally, Ironwood Investment Counsel LLC boosted its stake in shares of Philip Morris International by 6.6% in the 4th quarter. Ironwood Investment Counsel LLC now owns 2,916 shares of the company’s stock valued at $468,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PM shares. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Citigroup upped their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. UBS Group reduced their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Morgan Stanley cut their target price on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $192.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $191.47 on Wednesday. The firm has a market cap of $298.41 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.20 and a beta of 0.37. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The stock’s 50-day moving average is $167.65 and its 200 day moving average is $166.30.

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

Philip Morris International Announces Dividend

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

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction 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 directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was 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.

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.