Fortem Financial Group LLC Sells 11,819 Shares of Philip Morris International Inc. $PM

Key Points

• Fortem Financial Group LLC cut its Philip Morris International stake by 71.5% in the fourth quarter, selling 11,819 shares and leaving it with 4,700 shares worth about $754,000.
• Philip Morris International beat quarterly expectations, reporting EPS of $1.96 on revenue of $10.15 billion, both above analyst estimates, and it reaffirmed guidance for future periods.
• The company continues to offer a quarterly dividend of $1.47 per share, equal to an annualized yield of 3.4%, while analysts overall maintain a Moderate Buy rating with an average target price of $192.56.

Fortem Financial Group LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 71.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,700 shares of the company's stock after selling 11,819 shares during the period. Fortem Financial Group LLC's holdings in Philip Morris International were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Capital Research Global Investors increased its holdings in Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock worth $7,063,263,000 after acquiring an additional 2,911,835 shares during the period. Capital World Investors increased its holdings in Philip Morris International by 2.2% during the 3rd 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 period. Massachusetts Financial Services Co. MA increased its holdings in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock worth $1,491,898,000 after acquiring an additional 2,475,204 shares during the period. SG Americas Securities LLC increased its holdings in Philip Morris International by 1,547.2% during the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock worth $362,539,000 after acquiring an additional 2,123,002 shares during the period. Finally, Lone Pine Capital LLC increased its holdings in Philip Morris International by 67.3% during the 3rd quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company's stock worth $748,463,000 after acquiring an additional 1,856,749 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $170.88 on Monday. The company's fifty day moving average price is $166.69 and its 200-day moving average price is $164.47. The firm has a market capitalization of $266.32 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.97 and a beta of 0.37. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. Philip Morris International's dividend payout ratio (DPR) is currently 82.70%.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the 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 of the company's stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction on Thursday, February 19th. The shares were 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 represents a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PM shares. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Morgan Stanley decreased their price target on shares of Philip Morris International from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. UBS Group decreased their price target on shares of Philip Morris International from $181.50 to $168.00 and set a "neutral" rating on the stock in a report on Friday, April 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Thursday, January 22nd. Finally, Barclays reissued an "overweight" rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.56.

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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