Hamlin Capital Management LLC Cuts Position in Philip Morris International Inc. $PM

Hamlin Capital Management LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 734,414 shares of the company’s stock after selling 53,549 shares during the period. Philip Morris International accounts for 2.8% of Hamlin Capital Management LLC’s portfolio, making the stock its 22nd largest position. Hamlin Capital Management LLC’s holdings in Philip Morris International were worth $117,800,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Marquette Asset Management LLC grew its stake in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Estabrook Capital Management bought a new stake in Philip Morris International in the second quarter worth $30,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International in the third quarter worth $32,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Philip Morris International during the third quarter valued at $33,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $162.90 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The company has a market cap of $253.58 billion, a P/E ratio of 22.41, a PEG ratio of 1.86 and a beta of 0.38. The stock’s fifty day moving average price is $177.19 and its 200-day moving average price is $164.18.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Friday, February 6th. The company reported $1.70 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 company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same period last year, the company earned $1.55 EPS. Philip Morris International’s revenue for the quarter was up 6.8% on a year-over-year basis. 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 anticipate 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. Stockholders of record on Thursday, March 19th will be paid a $1.47 dividend. The ex-dividend date 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 payout ratio is currently 80.88%.

Insider Buying and Selling

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International 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 transaction, 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. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PM. Morgan Stanley reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a research note on Monday, February 9th. Finally, UBS Group reiterated a “neutral” rating and set a $181.50 price target on shares of 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.