Bessemer Group Inc. Sells 652,655 Shares of Philip Morris International Inc. $PM

Bessemer Group Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 47.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 717,985 shares of the company’s stock after selling 652,655 shares during the quarter. Bessemer Group Inc.’s holdings in Philip Morris International were worth $115,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Avantax Planning Partners Inc. lifted its position in shares of Philip Morris International by 1.0% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,930 shares of the company’s stock worth $1,753,000 after buying an additional 112 shares during the period. Conning Inc. increased its holdings in Philip Morris International by 9.0% during the 4th quarter. Conning Inc. now owns 170,476 shares of the company’s stock valued at $27,344,000 after purchasing an additional 14,043 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Philip Morris International by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,398 shares of the company’s stock valued at $2,470,000 after purchasing an additional 157 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in Philip Morris International by 15.2% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,728 shares of the company’s stock valued at $277,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International 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 sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

NYSE PM opened at $189.66 on Friday. The stock has a fifty day moving average of $166.78 and a 200-day moving average of $165.61. The stock has a market capitalization of $295.59 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $192.95.

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

Philip Morris International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. UBS Group dropped their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Morgan Stanley dropped their price target on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Finally, Citigroup raised their price target on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.56.

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.