Philip Morris International Inc. $PM Shares Bought by Cambria Investment Management L.P.

Cambria Investment Management L.P. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 154.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,779 shares of the company’s stock after acquiring an additional 5,335 shares during the quarter. Cambria Investment Management L.P.’s holdings in Philip Morris International were worth $1,424,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its position in shares of Philip Morris International by 41.0% in the third quarter. CIBC Private Wealth Group LLC now owns 100,171 shares of the company’s stock valued at $16,248,000 after buying an additional 29,105 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Philip Morris International in the 3rd quarter worth about $55,282,000. Maple Capital Management Inc. boosted its position in shares of Philip Morris International by 59.8% in the 3rd quarter. Maple Capital Management Inc. now owns 2,705 shares of the company’s stock worth $439,000 after buying an additional 1,012 shares in the last quarter. Sulzberger Capital Advisors Inc. acquired a new stake in Philip Morris International in the 3rd quarter valued at about $217,000. Finally, Centaurus Financial Inc. grew its stake in Philip Morris International by 27.8% in the 3rd quarter. Centaurus Financial Inc. now owns 15,029 shares of the company’s stock valued at $2,438,000 after acquiring an additional 3,273 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PM. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Weiss Ratings reiterated 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 shares of Philip Morris International in a research note on Monday, February 9th. Barclays restated an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, Needham & Company LLC upped their target price on Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.83.

Insider Buying and Selling at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction 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 represents a 17.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jacek Olczak sold 80,000 shares of the 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 $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

Shares of PM stock opened at $163.36 on Friday. The firm has a market cap of $254.30 billion, a P/E ratio of 22.47, a PEG ratio of 1.89 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30. The firm’s 50-day simple moving average is $177.19 and its 200-day simple moving average is $164.23.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Philip Morris International’s revenue 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. Analysts expect that Philip Morris International Inc. will post 7.14 earnings per share 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. Stockholders of record on Thursday, March 19th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. Philip Morris International’s payout ratio is currently 80.88%.

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.