CI Investments Inc. Decreases Holdings in Philip Morris International Inc. $PM

CI Investments Inc. reduced its stake in Philip Morris International Inc. (NYSE:PM) by 4.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 79,475 shares of the company’s stock after selling 4,045 shares during the quarter. CI Investments Inc.’s holdings in Philip Morris International were worth $12,891,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capstone Wealth Management Group LLC raised its position in Philip Morris International by 8.7% in the third quarter. Capstone Wealth Management Group LLC now owns 1,630 shares of the company’s stock worth $264,000 after acquiring an additional 130 shares during the period. Focus Partners Advisor Solutions LLC raised its holdings in shares of Philip Morris International by 21.9% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 36,904 shares of the company’s stock worth $5,873,000 after purchasing an additional 6,625 shares during the period. Monetary Management Group Inc. grew its holdings in Philip Morris International by 4.1% during the third quarter. Monetary Management Group Inc. now owns 15,345 shares of the company’s stock valued at $2,489,000 after purchasing an additional 600 shares during the period. Becker Capital Management Inc. increased its position in Philip Morris International by 17.2% in the third quarter. Becker Capital Management Inc. now owns 3,058 shares of the company’s stock worth $496,000 after buying an additional 449 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of Philip Morris International by 176.7% in the third quarter. Kingsview Wealth Management LLC now owns 63,879 shares of the company’s stock valued at $10,361,000 after buying an additional 40,790 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity

In related news, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the transaction, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% 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

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Citigroup boosted their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and issued a $181.50 price objective on shares of Philip Morris International in a report on Monday, February 9th. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Philip Morris International Stock Performance

NYSE PM opened at $177.90 on Wednesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30. The company has a fifty day moving average of $174.51 and a 200-day moving average of $163.94. The company has a market capitalization of $276.93 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter 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, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.

Philip Morris International 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.