CIBC Private Wealth Group LLC Increases Stock Holdings in Philip Morris International Inc. $PM

CIBC Private Wealth Group LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 41.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 100,171 shares of the company’s stock after purchasing an additional 29,105 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Philip Morris International were worth $16,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Traub Capital Management LLC purchased a new position in Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC lifted its holdings in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Estabrook Capital Management purchased a new position in shares of Philip Morris International during the 2nd quarter worth about $30,000. Dogwood Wealth Management LLC boosted its stake 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 purchasing an additional 82 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Philip Morris International during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $163.36 on Friday. The stock has a market cap of $254.30 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.89 and a beta of 0.38. The firm has a 50-day moving average of $177.19 and a two-hundred day moving average of $164.23. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate 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 revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 80.88%.

Insiders Place Their Bets

In related news, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were 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 of the company’s stock, valued at $29,868,125.43. This represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Citigroup raised their price target on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a report on Monday, February 9th. Finally, Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.