Philip Morris International Inc. $PM Shares Sold by Comerica Bank

Key Points

• Comerica Bank trimmed its stake in Philip Morris by 6.1% in the 4th quarter, selling 26,006 shares and leaving it with 397,171 shares valued at about $63.7 million.
• Insider sales: CFO Emmanuel Babeau sold 33,800 shares at ~$181.61 (≈$6.14M) and CEO Jacek Olczak sold 80,000 shares at ~$182.18 (≈$14.57M), reducing their ownership stakes by 17.05% and 11.23%, respectively.
• Earnings, guidance and dividend: Philip Morris beat quarterly estimates with $1.96 EPS on $10.15B revenue, set FY2026 EPS guidance of 8.360–8.510 (Q2 guidance 2.020–2.070), and pays a $1.47 quarterly dividend (≈3.6% yield).

Comerica Bank decreased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,171 shares of the company's stock after selling 26,006 shares during the quarter. Comerica Bank's holdings in Philip Morris International were worth $63,706,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC grew its position in shares of Philip Morris International by 16.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 22,835 shares of the company's stock valued at $3,696,000 after purchasing an additional 3,216 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Philip Morris International by 6.9% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 4,877 shares of the company's stock valued at $782,000 after purchasing an additional 314 shares during the period. Anchyra Partners LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $438,000. First National Bank & Trust Co. of Newtown lifted its stake in shares of Philip Morris International by 4.2% in the fourth quarter. First National Bank & Trust Co. of Newtown now owns 7,526 shares of the company's stock worth $1,207,000 after buying an additional 302 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC lifted its stake in shares of Philip Morris International by 2.3% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 2,791 shares of the company's stock worth $452,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Barclays reissued an "overweight" rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 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 research note on Friday, April 17th. Citigroup raised their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.56.

Insider Buying and Selling

In other news, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 164,463 shares of the company's stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This trade 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 currently owned by insiders.

Philip Morris International Price Performance

Shares of PM stock opened at $164.18 on Monday. The firm's 50-day moving average is $169.27 and its two-hundred day moving average is $164.05. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The company has a market capitalization of $255.87 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.89 and a beta of 0.43.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. Philip Morris International had a net margin of 13.42% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. Philip Morris International's quarterly 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. Sell-side analysts forecast that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International's payout ratio is 82.70%.

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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