Aquatic Capital Management LLC Sells 73,954 Shares of Philip Morris International Inc. $PM

Key Points

• Aquatic Capital Management LLC cut its stake in Philip Morris by 39.5%, selling 73,954 shares in Q3 and leaving 113,323 shares valued at about $18.38 million.
• Insiders also sold stock recently: CEO Jacek Olczak sold 80,000 shares (an 11.23% drop in his position) and CFO Emmanuel Babeau sold 33,800 shares (a 17.05% drop).
• Philip Morris declared a quarterly dividend of $1.47 per share (annualized $5.88, ~3.4% yield), with the ex-dividend/record date on March 19 and payment on April 13.

Aquatic Capital Management LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 39.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,323 shares of the company's stock after selling 73,954 shares during the period. Aquatic Capital Management LLC's holdings in Philip Morris International were worth $18,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 7.2% in the 3rd 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. Capital World Investors increased its stake 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 acquiring an additional 2,714,674 shares during the last quarter. Vanguard Group Inc. increased its stake in Philip Morris International by 1.6% during the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company's stock worth $26,018,555,000 after acquiring an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Philip Morris International by 69.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company's stock valued at $821,826,000 after purchasing an additional 1,842,754 shares during the period. Finally, Prudential Financial Inc. raised its position in Philip Morris International by 88.9% during the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company's stock valued at $389,415,000 after purchasing an additional 1,006,014 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM stock opened at $174.52 on Friday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30. The firm has a market capitalization of $271.67 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.99 and a beta of 0.38. The stock has a 50 day moving average price of $176.24 and a 200 day moving average price of $164.12.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts' consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International's dividend payout ratio (DPR) is presently 80.88%.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Needham & Company LLC lifted their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Morgan Stanley restated an "overweight" rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 9th. UBS Group restated a "neutral" rating and issued a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group cut shares of Philip Morris International from a "buy" rating to a "hold" rating and cut their price objective for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $196.83.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 632,344 shares of the company's stock, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm's stock in a transaction that occurred 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 directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by 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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