Assenagon Asset Management S.A. Has $15.63 Million Holdings in Philip Morris International Inc. $PM

Assenagon Asset Management S.A. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 148.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,457 shares of the company’s stock after purchasing an additional 58,254 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Philip Morris International were worth $15,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Marquette Asset Management LLC grew its position in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Estabrook Capital Management acquired a new position in Philip Morris International in the 2nd quarter valued at $30,000. Dogwood Wealth Management LLC lifted its position 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 valued at $27,000 after acquiring an additional 82 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Philip Morris International during the 3rd quarter valued at $32,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the business’s 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 owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their target price for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.83.

Philip Morris International Trading Down 1.8%

PM stock opened at $162.48 on Friday. The firm has a 50-day moving average price of $176.80 and a 200-day moving average price of $164.22. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The stock has a market capitalization of $252.93 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.88 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.70. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. 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. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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