Philip Morris International (NYSE:PM) Shares Down 6.9% - What's Next?

Key Points

• Philip Morris shares plunged 6.9% intraday to about $153.91 on Wednesday, trading roughly 74% below average session volume (1.38M vs. 5.26M shares).
• The company met Q4 EPS expectations ($1.70) but slightly missed revenue, set Q1 2026 guidance of 1.800–1.850 EPS and FY2026 guidance of 8.380–8.530 EPS, and announced a quarterly dividend of $1.47 (annualized $5.88, ~3.7% yield).
• Analyst coverage is mixed but the consensus is a Moderate Buy with a $196.83 price target, while insiders — including the CEO and CFO — recently sold sizable blocks of shares, trimming their holdings.

Philip Morris International Inc. (NYSE:PM - Get Free Report)'s share price fell 6.9% during mid-day trading on Wednesday . The company traded as low as $152.93 and last traded at $153.9120. 1,377,309 shares were traded during trading, a decline of 74% from the average session volume of 5,258,842 shares. The stock had previously closed at $165.34.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. UBS Group reaffirmed a "neutral" rating and set a $181.50 price objective on shares of Philip Morris International in a research note on Monday, February 9th. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Needham & Company LLC boosted their price target on shares of Philip Morris International from $190.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Finally, Jefferies Financial Group lowered shares of Philip Morris International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $196.83.

Philip Morris International Stock Down 5.0%

The firm has a 50-day moving average of $176.38 and a two-hundred day moving average of $164.18. The stock has a market capitalization of $244.68 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. The company had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction 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 transaction, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 trade represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of 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 purchasing an additional 1,970 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at $3,783,000. Finally, Van Hulzen Asset Management LLC boosted its holdings in Philip Morris International by 6.7% in the second quarter. Van Hulzen Asset Management LLC now owns 3,793 shares of the company's stock worth $691,000 after purchasing an additional 237 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

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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