Czech National Bank raised its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410,463 shares of the company’s stock after buying an additional 15,121 shares during the quarter. Czech National Bank’s holdings in Philip Morris International were worth $65,838,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Marquette Asset Management LLC boosted its position in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Estabrook Capital Management acquired a new position in Philip Morris International in the second quarter worth about $30,000. Dogwood Wealth Management LLC raised its position in Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Philip Morris International during the third quarter worth about $32,000. Finally, McIlrath & Eck LLC bought a new position in Philip Morris International during the second quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on PM shares. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Needham & Company LLC increased their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Citigroup raised their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a research note on Monday, February 9th. Finally, Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $196.83.
Insider Activity at Philip Morris International
In other Philip Morris International news, 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 transaction, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The sale 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 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 trade represents a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.
Philip Morris International Stock Up 1.0%
Shares of NYSE PM opened at $165.46 on Thursday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The firm’s 50-day simple moving average is $177.01 and its 200 day simple moving average is $164.23. The company has a market cap of $257.57 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.87 and a beta of 0.38.
Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter last year, the company posted $1.55 EPS. The company’s quarterly 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. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.
Philip Morris International Company 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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