State of Alaska Department of Revenue Reduces Stock Position in Philip Morris International Inc. $PM

Key Points

• State of Alaska Department of Revenue trimmed its Philip Morris position by 6.1% in Q4, selling 12,965 shares and leaving it with 200,828 shares valued at about $32.21 million.
• Major insider sales: CEO Jacek Olczak sold 80,000 shares at an average $182.18 (~$14.57M), cutting his stake 11.23%, and CFO Emmanuel Babeau sold 33,800 shares at $181.61 (~$6.14M), a 17.05% reduction.
• Philip Morris reported Q4 EPS of $1.70 (in line), set FY‑2026 guidance of $8.38–$8.53 EPS, carries a consensus "Moderate Buy" target of ~$196.28, and declared a quarterly dividend of $1.47 (annualized $5.88, yield ~3.7%, ex‑dividend Mar 19).

State of Alaska Department of Revenue lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,828 shares of the company's stock after selling 12,965 shares during the quarter. State of Alaska Department of Revenue's holdings in Philip Morris International were worth $32,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Brighton Jones LLC increased its position in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Sivia Capital Partners LLC grew its holdings in Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock valued at $1,027,000 after buying an additional 1,970 shares during the period. Jump Financial LLC purchased a new stake in Philip Morris International in the 2nd quarter valued at about $2,454,000. Finally, Osterweis Capital Management Inc. grew its holdings in Philip Morris International by 2,280.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock valued at $65,000 after buying an additional 342 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the company'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 completion of the transaction, the chief financial officer directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Needham & Company LLC lifted their price target on Philip Morris International from $190.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. 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. 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, Stifel Nicolaus decreased their target price on Philip Morris International from $200.00 to $195.00 and set a "buy" rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $196.28.

Philip Morris International Stock Performance

Philip Morris International stock opened at $160.40 on Monday. The stock's 50 day moving average price is $173.79 and its 200 day moving average price is $163.96. The firm has a market capitalization of $249.98 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.43. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.Philip Morris International's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.7%. Philip Morris International's payout ratio is 80.88%.

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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