Assetmark Inc. Buys 114,618 Shares of Philip Morris International Inc. $PM

Key Points

• Assetmark Inc. raised its stake in Philip Morris by 22.2%, buying 114,618 shares to hold 630,583 shares worth about $101.15 million after the quarter.
• Company insiders sold material positions: CFO Emmanuel Babeau sold 33,800 shares and CEO Jacek Olczak sold 80,000 shares, cutting their holdings by roughly 17.1% and 11.2%, respectively.
• Analysts rate PM a consensus "Moderate Buy" with an average price target of $195.72, while firms like Citigroup and Morgan Stanley have higher targets ($210 and $205, respectively).

Assetmark Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 630,583 shares of the company's stock after purchasing an additional 114,618 shares during the quarter. Assetmark Inc.'s holdings in Philip Morris International were worth $101,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after acquiring an additional 1,970 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Philip Morris International during the second quarter worth approximately $2,454,000. Finally, Osterweis Capital Management Inc. raised its stake in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after acquiring an additional 342 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PM. Morgan Stanley reaffirmed an "overweight" rating and issued a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 9th. Stifel Nicolaus decreased their target price on shares of Philip Morris International from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Friday. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Citigroup lifted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Ten research 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, the stock has an average rating of "Moderate Buy" and an average price target of $195.72.

Insider Buying and Selling at Philip Morris International

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction 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 sale, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction on Thursday, February 19th. The shares were 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 in the company, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 1.4%

Shares of NYSE PM opened at $162.71 on Tuesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The firm's fifty day moving average is $173.45 and its 200 day moving average is $163.95. The company has a market cap of $253.59 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.83 and a beta of 0.43.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 earnings per share. 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. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

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