Allworth Financial LP Sells 12,982 Shares of Philip Morris International Inc. $PM

Allworth Financial LP cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 150,323 shares of the company’s stock after selling 12,982 shares during the quarter. Allworth Financial LP’s holdings in Philip Morris International were worth $24,382,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 0.4% in the third quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company’s stock worth $23,270,582,000 after buying an additional 611,393 shares during the period. Capital World Investors grew its stake in shares of Philip Morris International by 2.2% during the 3rd quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock valued at $20,887,743,000 after acquiring an additional 2,714,674 shares during the period. Capital International Investors increased its holdings in Philip Morris International by 1.0% in the 3rd quarter. Capital International Investors now owns 89,150,871 shares of the company’s stock worth $14,461,220,000 after acquiring an additional 882,885 shares in the last quarter. State Street Corp raised its stake in Philip Morris International by 1.6% during the 2nd quarter. State Street Corp now owns 55,831,655 shares of the company’s stock worth $10,243,429,000 after acquiring an additional 871,165 shares during the period. Finally, Capital Research Global Investors raised its stake in Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after acquiring an additional 2,911,835 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM stock opened at $165.87 on Thursday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30. The business has a 50 day simple moving average of $177.10 and a two-hundred day simple moving average of $164.24. The company has a market capitalization of $258.21 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.97 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio is 80.88%.

Insider Activity

In other news, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares in the company, valued at $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated 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 sale, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PM shares. Citigroup upped 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 report on Tuesday, February 10th. JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC lifted their target price on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Finally, Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and cut their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Ten 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 an average rating of “Moderate Buy” and an average price target of $196.83.

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.