Clark Capital Management Group Inc. Sells 71,268 Shares of Philip Morris International Inc. $PM

Key Points

• Clark Capital Management trimmed its stake in Philip Morris by 9.6%, selling 71,268 shares and leaving it with 670,826 shares worth about $108.8 million.
• Insiders also sold: CEO Jacek Olczak sold 80,000 shares and CFO Emmanuel Babeau sold 33,800 shares on Feb. 19, materially reducing their positions (company insiders now own ~0.13%).
• Philip Morris reported Q earnings of $1.70 EPS (in line with estimates) on $10.36B revenue, set Q1 2026 guidance of $1.80–1.85 and FY2026 guidance of $8.38–8.53 EPS, and declared a $1.47 quarterly dividend (3.4% yield; ex-dividend Mar. 19).

Clark Capital Management Group Inc. lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 670,826 shares of the company's stock after selling 71,268 shares during the period. Clark Capital Management Group Inc.'s holdings in Philip Morris International were worth $108,808,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its holdings in Philip Morris International by 1.2% during the 2nd quarter. Corient Private Wealth LLC now owns 490,590 shares of the company's stock valued at $89,354,000 after acquiring an additional 5,681 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 increased its stake in Philip Morris International by 10.2% in the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company's stock worth $49,251,000 after purchasing an additional 27,979 shares during the period. Trajan Wealth LLC lifted its position in Philip Morris International by 31.2% in the third quarter. Trajan Wealth LLC now owns 132,295 shares of the company's stock valued at $21,458,000 after purchasing an additional 31,490 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in Philip Morris International by 53.0% in the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company's stock valued at $4,505,000 after purchasing an additional 9,622 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 1.5%

NYSE:PM opened at $174.52 on Friday. The firm's fifty day simple moving average is $176.24 and its 200 day simple moving average is $164.12. The stock has a market cap of $271.67 billion, a P/E 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 twelve month low of $142.11 and a twelve month high of $191.30.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a $1.47 dividend. The ex-dividend date is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.4%. Philip Morris International's dividend payout ratio (DPR) is 80.88%.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 632,344 shares of the company's stock, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the company'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 value 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

PM has been the topic of several recent analyst reports. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Citigroup upped their price target on shares of 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 shares of Philip Morris International in a report on Monday, February 9th. UBS Group reissued a "neutral" rating and set a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 26th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $196.83.

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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