Philip Morris International Inc. $PM Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,555 shares of the company’s stock after selling 7,486 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Philip Morris International were worth $4,901,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PM. Marquette Asset Management LLC grew its holdings in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Dogwood Wealth Management LLC increased its position in Philip Morris International by 96.5% during 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 during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Philip Morris International during the third quarter worth about $32,000. McIlrath & Eck LLC acquired a new position in Philip Morris International in the 2nd quarter valued at about $36,000. Finally, FNY Investment Advisers LLC acquired a new position in Philip Morris International in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PM shares. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a report on Monday, February 9th. Barclays reiterated an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. Needham & Company LLC raised their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, UBS Group restated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Ten 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, the company has a consensus rating of “Moderate Buy” and an average target price of $196.83.

View Our Latest Report on PM

Trending Headlines about Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

Insider Activity at Philip Morris International

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred 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 transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 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 directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.4%

PM stock opened at $165.44 on Wednesday. The company has a market capitalization of $257.84 billion, a PE ratio of 22.76, a P/E/G ratio of 1.88 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The business’s fifty day moving average price is $176.38 and its 200 day moving average price is $164.18.

Philip Morris International (NYSE:PMGet Free Report) last announced its earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting analysts’ consensus estimates of $1.70. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.Philip Morris International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last 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. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

Philip Morris International Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.