Journey Strategic Wealth LLC Has $3.37 Million Stock Holdings in Philip Morris International Inc. $PM

Journey Strategic Wealth LLC decreased its position in Philip Morris International Inc. (NYSE:PMFree Report) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,788 shares of the company’s stock after selling 3,362 shares during the period. Journey Strategic Wealth LLC’s holdings in Philip Morris International were worth $3,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Philip Morris International during the second quarter worth approximately $25,000. Traub Capital Management LLC bought a new position in Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC grew its holdings in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Dogwood Wealth Management LLC raised its position 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 valued at $27,000 after acquiring an additional 82 shares during the last quarter. Finally, Estabrook Capital Management acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $30,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PM shares. 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. Stifel Nicolaus set a $200.00 target price on Philip Morris International in a research report on Monday, February 9th. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Eleven 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 presently has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Check Out Our Latest Report on PM

Insiders Place Their Bets

In other news, 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 transaction of $14,574,400.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the 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 transaction, 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 SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

Trending Headlines about Philip Morris International

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Philip Morris International Stock Performance

Shares of PM opened at $186.55 on Monday. The stock has a 50 day simple moving average of $173.71 and a 200 day simple moving average of $163.73. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30. The firm has a market capitalization of $290.40 billion, a PE ratio of 25.66, a P/E/G ratio of 2.13 and a beta of 0.38.

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

Philip Morris International Announces Dividend

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

Philip Morris International 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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