Emmett Investment Management LP Lowers Stock Position in Philip Morris International Inc. $PM

Emmett Investment Management LP trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 51.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,090 shares of the company’s stock after selling 16,835 shares during the period. Philip Morris International makes up about 1.9% of Emmett Investment Management LP’s holdings, making the stock its 20th biggest holding. Emmett Investment Management LP’s holdings in Philip Morris International were worth $2,588,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Traub Capital Management LLC purchased a new stake in Philip Morris International during the second quarter valued at about $25,000. Marquette Asset Management LLC raised its holdings 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 worth $26,000 after purchasing an additional 151 shares during the period. Dogwood Wealth Management LLC raised 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 worth $27,000 after purchasing an additional 82 shares during the period. Estabrook Capital Management acquired a new position in shares of Philip Morris International in the 2nd quarter valued at about $30,000. Finally, Anfield Capital Management LLC grew its holdings in shares of Philip Morris International by 185.5% during the 2nd quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock worth $36,000 after purchasing an additional 128 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction on 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 sale, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a research report on Monday, February 9th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Needham & Company LLC boosted their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Barclays reissued an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.83.

Philip Morris International Stock Performance

PM stock opened at $174.52 on Friday. The firm has a market cap of $271.67 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.99 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The stock has a 50-day simple moving average of $176.24 and a 200-day simple moving average of $164.12.

Philip Morris International (NYSE:PM) last released its quarterly 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 analyst estimates of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.Philip Morris International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s payout ratio is presently 80.88%.

About Philip Morris International

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.