Philip Morris International Inc. $PM Stock Position Lifted by Horizon Investments LLC

Horizon Investments LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,709 shares of the company's stock after purchasing an additional 11,188 shares during the period. Horizon Investments LLC's holdings in Philip Morris International were worth $17,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Vanguard Group Inc. grew its position in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock valued at $23,300,088,000 after buying an additional 1,793,949 shares in the last quarter. Capital World Investors raised its position in shares of 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 buying an additional 2,714,674 shares in the last quarter. Capital International Investors lifted its stake in shares of Philip Morris International by 1.0% in the 3rd quarter. Capital International Investors now owns 89,150,871 shares of the company's stock worth $14,461,220,000 after acquiring an additional 882,885 shares during the period. Capital Research Global Investors lifted its stake in shares of Philip Morris International by 7.2% in 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. Finally, Northern Trust Corp boosted its holdings in shares of Philip Morris International by 2.8% in the third quarter. Northern Trust Corp now owns 14,701,879 shares of the company's stock valued at $2,384,645,000 after acquiring an additional 401,381 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

NYSE PM opened at $166.60 on Friday. The company's 50 day simple moving average is $167.62 and its 200 day simple moving average is $164.12. 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 $259.66 billion, a P/E ratio of 23.43, a PEG ratio of 1.90 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. 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. On average, analysts anticipate that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders 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 annualized dividend and a dividend yield of 3.5%. Philip Morris International's dividend payout ratio (DPR) is currently 82.70%.

Analyst Ratings Changes

A number of research analysts recently commented on PM shares. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Citigroup upped their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. 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 downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Barclays reaffirmed an "overweight" rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Ten investment 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.56.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the transaction, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company's stock.

Philip Morris International Company 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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