WealthPlan Investment Management LLC Sells 2,977 Shares of Philip Morris International Inc. $PM

WealthPlan Investment Management LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 29.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,121 shares of the company’s stock after selling 2,977 shares during the period. WealthPlan Investment Management LLC’s holdings in Philip Morris International were worth $1,142,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $32,000. FNY Investment Advisers LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $35,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.0%

Shares of PM stock opened at $189.66 on Monday. The firm has a 50 day moving average price of $166.78 and a two-hundred day moving average price of $165.69. The company has a market capitalization of $295.59 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.37. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $192.95.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the business posted $1.69 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. 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, research analysts expect that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s payout ratio is presently 82.70%.

Insider Buying and Selling

In other news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The shares were 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 in the company, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International 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 sale, the chief financial officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PM shares. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Morgan Stanley reduced their price objective on shares of 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Finally, UBS Group reduced their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

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.