Capital Wealth Planning LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 52.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,137 shares of the company’s stock after selling 27,230 shares during the quarter. Capital Wealth Planning LLC’s holdings in Philip Morris International were worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 91 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares in the last quarter. KBC Group NV boosted its position in shares of Philip Morris International by 7.7% during the 2nd quarter. KBC Group NV now owns 132,800 shares of the company’s stock valued at $24,187,000 after acquiring an additional 9,524 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in Philip Morris International by 90.0% in the second quarter. Clearstead Trust LLC now owns 361 shares of the company’s stock valued at $66,000 after acquiring an additional 171 shares during the period. 78.63% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International 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 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.
Philip Morris International Stock Up 1.5%
Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. The firm 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 company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. 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, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Announces Dividend
The firm 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 dividend of $1.47 per share. The ex-dividend date is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s dividend payout ratio is 80.88%.
Analyst Ratings Changes
Several research analysts recently issued reports on PM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a research note on Monday, February 9th. Jefferies Financial Group cut 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 report on Tuesday, January 20th. JPMorgan Chase & Co. cut their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Ten equities 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, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $196.83.
Check Out Our Latest Stock Report on Philip Morris International
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.
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