Oppenheimer Asset Management Inc. Has $30.80 Million Position in Philip Morris International Inc. $PM

Oppenheimer Asset Management Inc. grew its position in Philip Morris International Inc. (NYSE:PM) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,034 shares of the company’s stock after purchasing an additional 5,806 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Philip Morris International were worth $30,802,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Marquette Asset Management LLC boosted its stake in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $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, FNY Investment Advisers LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7%

Shares of NYSE:PM opened at $165.40 on Friday. The stock has a market capitalization of $257.79 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.87 and a beta of 0.43. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30. The business has a 50-day moving average price of $167.62 and a two-hundred day moving average price of $164.12.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous 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 predict that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PM shares. Citigroup upped their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Stifel Nicolaus reduced their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group downgraded 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 report on Tuesday, January 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

Insider Activity

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the sale, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction dated 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 sale, 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. Insiders own 0.13% of the company’s stock.

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.