Abacus FCF Advisors LLC Has $7.33 Million Stock Holdings in Philip Morris International Inc. $PM

Abacus FCF Advisors LLC decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 38.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 45,724 shares of the company's stock after selling 28,692 shares during the period. Abacus FCF Advisors LLC's holdings in Philip Morris International were worth $7,334,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Marquette Asset Management LLC raised its holdings 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 valued at $26,000 after purchasing an additional 151 shares during the period. Dogwood Wealth Management LLC lifted its stake in Philip Morris International by 96.5% in 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. bought a new position in Philip Morris International during the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new position in Philip Morris International during the third quarter worth about $32,000. Finally, FNY Investment Advisers LLC acquired a new position in Philip Morris International during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 3.0%

Shares of PM stock opened at $164.18 on Friday. The firm has a 50 day moving average price of $169.27 and a two-hundred day moving average price of $163.99. The company has a market capitalization of $255.87 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.43. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 13.42%.The firm's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 8.44 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's dividend payout ratio is currently 80.88%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on Philip Morris International from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Barclays reaffirmed an "overweight" rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Finally, UBS Group reduced their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $192.56.

Insider Buying and Selling 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 dated 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 sale, the chief executive officer owned 632,344 shares of the company's stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

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.

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