Pictet Asset Management Holding SA Increases Stock Holdings in Philip Morris International Inc. $PM

Pictet Asset Management Holding SA grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,463 shares of the company's stock after buying an additional 9,931 shares during the quarter. Pictet Asset Management Holding SA's holdings in Philip Morris International were worth $107,230,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PM. Marquette Asset Management LLC increased its position in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company's stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Dogwood Wealth Management LLC increased its position in 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 purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on PM. UBS Group lowered their price target on Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Thursday, January 22nd. Citigroup lifted their price target on Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Finally, Jefferies Financial Group cut Philip Morris International from a "buy" rating to a "hold" rating and lowered their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Ten equities research 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, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.56.

Philip Morris International Trading Down 1.7%

PM stock opened at $161.47 on Tuesday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $191.30. The company has a market capitalization of $251.65 billion, a P/E ratio of 22.71, a PEG ratio of 1.89 and a beta of 0.43. The firm has a 50 day simple moving average of $168.75 and a 200-day simple moving average of $164.09.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly 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 net margin of 13.42% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the company earned $1.69 earnings per share. The business'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. On average, research analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Announces Dividend

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

Insider Buying and Selling

In related news, CEO Jacek Olczak sold 80,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was 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 $115,200,429.92. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the company'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 transaction, the chief financial officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

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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