Finivi Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 59.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,587 shares of the company’s stock after buying an additional 3,186 shares during the period. Finivi Inc.’s holdings in Philip Morris International were worth $1,377,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Marquette Asset Management LLC raised its stake in Philip Morris International by 1,677.8% during the 3rd 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 last quarter. Dogwood Wealth Management LLC raised its stake in 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 purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new position in Philip Morris International during the 3rd quarter valued at $32,000. Finally, FNY Investment Advisers LLC acquired a new position in Philip Morris International during the 3rd quarter valued at $33,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on PM shares. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Morgan Stanley cut their target price on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.56.
Philip Morris International Stock Performance
Shares of PM stock opened at $157.62 on Tuesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30. The stock has a market cap of $245.65 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.90 and a beta of 0.43. The firm has a fifty day moving average of $171.16 and a 200-day moving average of $163.81.
Philip Morris International (NYSE:PM – Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The business’s revenue 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 predict that Philip Morris International Inc. will post 8.36 earnings per share for the current year.
Philip Morris International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were paid a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio is currently 80.88%.
Insiders Place Their Bets
In other news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction 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 owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.
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.
See Also
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