Canoe Financial LP Has $99.65 Million Stake in Philip Morris International Inc. $PM

Key Points

• Canoe Financial LP trimmed its stake in Philip Morris by 38.8% in Q4, selling 394,353 shares and retaining 621,238 shares worth about $99.65 million.
• Company insiders executed sizable sales on Feb 19: CFO Emmanuel Babeau sold 33,800 shares for roughly $6.14M (−17.05% of his position) and CEO Jacek Olczak sold 80,000 shares for about $14.57M (−11.23%).
• Philip Morris declared a quarterly dividend of $1.47 (annualized $5.88), a yield of ~3.6%, with record/ex-div date on March 19 and payment on April 13.

Canoe Financial LP lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 38.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 621,238 shares of the company's stock after selling 394,353 shares during the period. Canoe Financial LP's holdings in Philip Morris International were worth $99,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Marquette Asset Management LLC grew its holdings 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 worth $26,000 after acquiring an additional 151 shares during the last quarter. Estabrook Capital Management bought a new position in shares of Philip Morris International during the second quarter valued at $30,000. Dogwood Wealth Management LLC raised its stake in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International during the third quarter worth $32,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Philip Morris International in the second quarter worth $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In other 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 80,000 shares of the business's 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 transaction, the chief executive officer owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Up 0.7%

Shares of PM opened at $163.62 on Friday. The firm's fifty day simple moving average is $176.60 and its two-hundred day simple moving average is $164.22. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The stock has a market capitalization of $254.70 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.38.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a $1.47 dividend. The ex-dividend date of this dividend is 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%.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Citigroup increased their price objective on Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Stifel Nicolaus set a $200.00 price target on Philip Morris International in a research note on Monday, February 9th. Barclays restated an "overweight" rating and set a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $181.50 target price on shares of Philip Morris International in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.83.

Philip Morris International Company 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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