Chevy Chase Trust Holdings LLC Trims Position in Philip Morris International Inc. $PM

Key Points

• Chevy Chase Trust Holdings trimmed its stake in Philip Morris by 3.8% in Q3, selling 31,412 shares and now holds 801,110 shares valued at about $129.94 million (roughly 0.05% of the company).
• Analysts collectively rate PM a Moderate Buy with a consensus target of $196.83 amid mixed price‑target moves (Citigroup to $210, Needham to $205, JPMorgan to $185); the company reported quarterly EPS in line with estimates, set FY2026 guidance of 8.380–8.530 EPS, and declared a $1.47 quarterly dividend (3.4% yield).

Chevy Chase Trust Holdings LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801,110 shares of the company's stock after selling 31,412 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Philip Morris International worth $129,940,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. Corient Private Wealth LLC grew its position in shares of Philip Morris International by 1.2% during the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company's stock worth $89,354,000 after purchasing an additional 5,681 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Philip Morris International by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company's stock worth $84,922,000 after purchasing an additional 51,399 shares during the period. Schroder Investment Management Group grew its holdings in Philip Morris International by 10.2% during the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company's stock valued at $49,251,000 after buying an additional 27,979 shares in the last quarter. Trajan Wealth LLC grew its holdings in Philip Morris International by 31.2% during the 3rd quarter. Trajan Wealth LLC now owns 132,295 shares of the company's stock valued at $21,458,000 after buying an additional 31,490 shares in the last quarter. Finally, Dynasty Wealth Management LLC raised its position in shares of Philip Morris International by 53.0% during the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company's stock valued at $4,505,000 after buying an additional 9,622 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PM. Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. UBS Group reaffirmed a "neutral" rating and set a $181.50 target price on shares of Philip Morris International in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their price target on shares of Philip Morris International from $190.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, November 26th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Needham & Company LLC increased their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $196.83.

Philip Morris International Price Performance

Shares of PM opened at $174.52 on Friday. The stock has a market capitalization of $271.67 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.99 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The business's 50 day simple moving average is $176.24 and its 200-day simple moving average is $164.12.

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

Philip Morris International Dividend Announcement

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

Insider Transactions at Philip Morris International

In related news, 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 value of $14,574,400.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares of the company's stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.

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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