Narwhal Capital Management Sells 8,289 Shares of Philip Morris International Inc. $PM

Narwhal Capital Management lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,209 shares of the company's stock after selling 8,289 shares during the quarter. Narwhal Capital Management's holdings in Philip Morris International were worth $10,941,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Marquette Asset Management LLC increased its stake in Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company's stock valued at $26,000 after buying an additional 151 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company's stock worth $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Philip Morris International in the 3rd quarter valued at about $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $33,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity

In related news, CFO Emmanuel Babeau sold 33,800 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Up 3.2%

PM opened at $166.02 on Wednesday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The business has a 50 day moving average of $168.39 and a 200-day moving average of $164.13. The stock has a market cap of $258.74 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.85 and a beta of 0.43.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 13.42%.The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period in the previous year, the firm earned $1.69 EPS. The firm's revenue was up 9.1% compared to the same quarter last year. 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, analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, March 19th. Philip Morris International's payout ratio is currently 82.70%.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Morgan Stanley lowered their price target on Philip Morris International from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Friday, April 17th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Citigroup raised their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Finally, UBS Group lowered their target price 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $192.56.

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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