Assenagon Asset Management S.A. Buys 58,254 Shares of Philip Morris International Inc. $PM

Assenagon Asset Management S.A. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 148.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,457 shares of the company’s stock after purchasing an additional 58,254 shares during the period. Assenagon Asset Management S.A.’s holdings in Philip Morris International were worth $15,632,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Philip Morris International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company’s stock valued at $23,270,582,000 after buying an additional 611,393 shares during the last quarter. Capital World Investors increased its holdings in Philip Morris International by 2.2% during the third quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock worth $20,887,743,000 after buying an additional 2,714,674 shares during the last quarter. Capital International Investors raised its position in Philip Morris International by 1.0% during the third quarter. Capital International Investors now owns 89,150,871 shares of the company’s stock worth $14,461,220,000 after acquiring an additional 882,885 shares in the last quarter. State Street Corp raised its position in Philip Morris International by 1.6% during the second quarter. State Street Corp now owns 55,831,655 shares of the company’s stock worth $10,243,429,000 after acquiring an additional 871,165 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Philip Morris International by 7.2% in 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 during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the 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 trade represents a 17.05% decrease in their position. The transaction 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 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 value of $14,574,400.00. Following the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PM. Needham & Company LLC lifted their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. UBS Group reiterated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a research note on Monday, February 9th. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Philip Morris International Stock Performance

Shares of PM stock opened at $162.48 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The company has a market capitalization of $252.93 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.88 and a beta of 0.38. The company has a 50-day simple moving average of $176.80 and a 200 day simple moving average of $164.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

About Philip Morris International

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.