Vestcor Inc Boosts Stock Position in Philip Morris International Inc. $PM

Vestcor Inc raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,928 shares of the company’s stock after buying an additional 7,937 shares during the quarter. Vestcor Inc’s holdings in Philip Morris International were worth $19,939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PM. Fieldview Capital Management LLC purchased a new stake in shares of Philip Morris International during the third quarter valued at approximately $1,591,000. WINTON GROUP Ltd lifted its position in Philip Morris International by 60.3% in the 3rd quarter. WINTON GROUP Ltd now owns 23,544 shares of the company’s stock valued at $3,819,000 after acquiring an additional 8,856 shares in the last quarter. LGT Fund Management Co Ltd. lifted its position in Philip Morris International by 31.9% in the 3rd quarter. LGT Fund Management Co Ltd. now owns 40,048 shares of the company’s stock valued at $6,442,000 after acquiring an additional 9,695 shares in the last quarter. LGT Group Foundation boosted its stake in Philip Morris International by 8.0% during the 3rd quarter. LGT Group Foundation now owns 15,111 shares of the company’s stock valued at $2,431,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Navalign LLC bought a new stake in shares of Philip Morris International in the 3rd quarter worth $270,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE:PM opened at $169.91 on Monday. The firm has a market capitalization of $264.50 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.94 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30. The business has a fifty day moving average price of $175.14 and a 200-day moving average price of $164.02.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period last year, the firm earned $1.55 EPS. The company’s revenue was up 6.8% on a year-over-year basis. 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, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced 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 is Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.5%. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Needham & Company LLC boosted their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $196.83.

Insider Activity at Philip Morris International

In other news, 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 value of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Company 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.