Truist Financial Corp Has $397.29 Million Stock Holdings in Philip Morris International Inc. $PM

Truist Financial Corp lifted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,476,887 shares of the company's stock after acquiring an additional 69,471 shares during the period. Truist Financial Corp owned approximately 0.16% of Philip Morris International worth $397,293,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors increased its stake in Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock worth $7,063,263,000 after purchasing an additional 2,911,835 shares in the last quarter. Capital World Investors increased its stake in 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 purchasing an additional 2,714,674 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares in the last quarter. SG Americas Securities LLC increased its stake in Philip Morris International by 1,547.2% during the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock worth $362,539,000 after purchasing an additional 2,123,002 shares in the last quarter. Finally, Lone Pine Capital LLC increased its stake in Philip Morris International by 67.3% during the 3rd quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company's stock worth $748,463,000 after purchasing an additional 1,856,749 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group lowered their target price on Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. Citigroup increased their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Finally, Jefferies Financial Group cut Philip Morris International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.56.

Insider Activity at Philip Morris International

In other 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 transaction of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares of the company's stock, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the firm'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 transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 0.1%

Shares of PM opened at $166.60 on Monday. The stock has a market capitalization of $259.66 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.91 and a beta of 0.37. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $191.30. The company has a 50 day moving average of $167.62 and a 200-day moving average of $164.19.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. The company 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 business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 8.45 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's dividend payout ratio (DPR) is currently 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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