Canoe Financial LP Has $99.65 Million Stock Holdings in Philip Morris International Inc. $PM

Canoe Financial LP trimmed its position in Philip Morris International Inc. (NYSE:PM) by 38.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 621,238 shares of the company’s stock after selling 394,353 shares during the quarter. Canoe Financial LP’s holdings in Philip Morris International were worth $99,649,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Philip Morris International by 7.2% during the third quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock valued at $7,063,263,000 after acquiring an additional 2,911,835 shares in the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.2% in the 3rd quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock worth $20,887,743,000 after purchasing an additional 2,714,674 shares in the last quarter. SG Americas Securities LLC grew its position in Philip Morris International by 1,547.2% in the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after purchasing an additional 2,123,002 shares during the period. Lone Pine Capital LLC grew its position in Philip Morris International by 67.3% in the 3rd quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company’s stock valued at $748,463,000 after purchasing an additional 1,856,749 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after purchasing an additional 1,842,754 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.7%

Shares of NYSE:PM opened at $163.62 on Friday. The stock has a market cap of $254.70 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.38. The stock’s fifty day simple moving average is $176.60 and its two-hundred day simple moving average is $164.22. 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 earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. The firm had revenue of $10.36 billion during 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 business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Insider Activity

In other news, CFO Emmanuel Babeau sold 33,800 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were 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 of the company’s stock, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PM. Citigroup upped their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a research report on Monday, February 9th. Needham & Company LLC upped their target price on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Barclays reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, UBS Group reiterated a “neutral” rating and set a $181.50 price target on shares of Philip Morris International in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.