Argent Trust Co Sells 17,549 Shares of Philip Morris International Inc. $PM

Argent Trust Co lowered its stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 21.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,820 shares of the company’s stock after selling 17,549 shares during the period. Argent Trust Co’s holdings in Philip Morris International were worth $10,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC boosted its position in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings 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 buying an additional 82 shares during the period. Finally, Estabrook Capital Management bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. 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. UBS Group reaffirmed a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a research note on Monday, February 9th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $196.83.

View Our Latest Research Report on Philip Morris International

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $186.55 on Friday. The firm has a market cap of $290.40 billion, a PE ratio of 25.66, a P/E/G ratio of 2.14 and a beta of 0.39. The business’s 50 day simple moving average is $173.71 and its 200 day simple moving average is $163.78. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting 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 company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same period last year, the business earned $1.55 EPS. The business’s quarterly 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. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is presently 80.88%.

Insider Activity

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the company’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 owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Philip Morris International News Roundup

Here are the key news stories impacting Philip Morris International this week:

Philip Morris International Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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