State of Michigan Retirement System Sells 13,400 Shares of Philip Morris International Inc. $PM

Key Points

• State of Michigan Retirement System cut its stake in Philip Morris by 3.2%, selling 13,400 shares and retaining 407,558 shares worth $65,372,000 per its latest SEC filing.
• Insider sales on Feb. 19 saw CFO Emmanuel Babeau sell 33,800 shares for about $6.14 million and CEO Jacek Olczak sell 80,000 shares for about $14.57 million, reducing their holdings by 17.05% and 11.23%, respectively.
• Philip Morris beat Q1 estimates with $1.96 EPS (versus $1.83) and $10.15B revenue (up 9.1% y/y), set FY2026 EPS guidance of $8.36–8.51, pays a $1.47 quarterly dividend (3.6% yield), and carries a consensus analyst rating of “Moderate Buy” with a $192.56 target.

State of Michigan Retirement System cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,558 shares of the company's stock after selling 13,400 shares during the quarter. State of Michigan Retirement System's holdings in Philip Morris International were worth $65,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Marquette Asset Management LLC increased its stake in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $32,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at $36,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PM shares. Jefferies Financial Group cut Philip Morris International from a "buy" rating to a "hold" rating and lowered their price target for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Stifel Nicolaus reduced their price objective on 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 lifted their target price on Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Morgan Stanley lowered their target price on Philip Morris International from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Friday, April 17th. Finally, Barclays reissued an "overweight" rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.56.

Insider Activity

In related news, CFO Emmanuel Babeau sold 33,800 shares of the firm'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 owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred 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 sale, the chief executive officer owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

Shares of PM opened at $164.18 on Monday. 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 capitalization of $255.87 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.89 and a beta of 0.43. The stock has a fifty day moving average of $169.27 and a 200-day moving average of $164.05.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 13.42%.Philip Morris International's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. 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 analysts forecast that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's dividend payout ratio (DPR) is presently 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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