Philip Morris International Inc. $PM Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management trimmed its stake in Philip Morris by 4.1%, selling 14,478 shares and leaving it with 339,988 shares worth about $54.53 million.
• Philip Morris beat estimates with $1.96 EPS vs. $1.83 expected and $10.15B revenue vs. $9.95B, and issued FY 2026 guidance of $8.360–$8.510 per share (consensus ~8.45).
• Insider sales and institutional control: CEO and CFO sold 80,000 and 33,800 shares respectively, insider ownership is ~0.13%, while institutional investors hold about 78.63% of the stock.

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 339,988 shares of the company's stock after selling 14,478 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Philip Morris International were worth $54,534,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Capital Research Global Investors raised its stake in Philip Morris International by 7.2% during the third 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 raised its stake in Philip Morris International by 2.2% during the third 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 raised its stake in Philip Morris International by 36.3% during the fourth 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 raised its stake in Philip Morris International by 1,547.2% during the fourth 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 raised its stake in Philip Morris International by 67.3% during the third 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 and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 0.1%

NYSE PM opened at $169.42 on Wednesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The stock has a market cap of $264.06 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.95 and a beta of 0.37. The company has a 50-day moving average price of $167.34 and a two-hundred day moving average price of $164.27.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.95 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. Philip Morris International's quarterly revenue was up 9.1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on PM. Stifel Nicolaus dropped their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Citigroup increased their price objective 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. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Barclays reiterated an "overweight" rating and set a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 23rd. Finally, Jefferies Financial Group cut shares of Philip Morris International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $192.56.

Insider Activity

In other news, CFO Emmanuel Babeau sold 33,800 shares of the 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 completion of the transaction, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacek Olczak sold 80,000 shares of the 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 transaction, the chief executive officer owned 632,344 shares of the company's stock, 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 corporate insiders.

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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