CIBC Private Wealth Group LLC Buys 29,105 Shares of Philip Morris International Inc. $PM

CIBC Private Wealth Group LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 41.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,171 shares of the company’s stock after purchasing an additional 29,105 shares during the period. 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 have also bought and sold shares of PM. Second Line Capital LLC lifted its holdings in Philip Morris International by 4.8% during the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after purchasing an additional 61 shares in the last quarter. Meridian Wealth Partners LLC increased its stake in shares of Philip Morris International by 3.1% in the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after purchasing an additional 62 shares in the last quarter. Bernardo Wealth Planning LLC increased its stake in shares of Philip Morris International by 1.8% in the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock worth $653,000 after purchasing an additional 62 shares in the last quarter. Nia Impact Advisors LLC raised its position in shares of Philip Morris International by 4.2% during the 2nd quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock valued at $287,000 after purchasing an additional 63 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management raised its position in shares of Philip Morris International by 3.7% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,811 shares of the company’s stock valued at $330,000 after purchasing an additional 64 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. UBS Group restated a “neutral” rating and issued a $181.50 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Citigroup upped their price objective 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. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Stifel Nicolaus set a $200.00 price target on Philip Morris International in a 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 MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.83.

Insiders Place Their Bets

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International 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 completion of the transaction, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 1.7%

Shares of PM stock opened at $163.36 on Friday. The stock 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. The company’s fifty day simple moving average is $177.19 and its two-hundred day simple moving average is $164.23. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30.

Philip Morris International (NYSE:PM) last issued 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. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’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. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given 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 is Thursday, March 19th. Philip Morris International’s dividend 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.