CIBC Bancorp USA Inc. Makes New $55.28 Million Investment in Philip Morris International Inc. $PM

CIBC Bancorp USA Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 340,828 shares of the company’s stock, valued at approximately $55,282,000.

Other institutional investors have also recently made changes to their positions in the company. Maple Capital Management Inc. increased its holdings in shares of Philip Morris International by 59.8% in the third quarter. Maple Capital Management Inc. now owns 2,705 shares of the company’s stock worth $439,000 after purchasing an additional 1,012 shares during the last quarter. Sulzberger Capital Advisors Inc. bought a new position in Philip Morris International during the third quarter valued at approximately $217,000. Centaurus Financial Inc. grew its holdings in Philip Morris International by 27.8% during the 3rd quarter. Centaurus Financial Inc. now owns 15,029 shares of the company’s stock valued at $2,438,000 after buying an additional 3,273 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in Philip Morris International in the 3rd quarter worth approximately $284,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Philip Morris International by 54.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock worth $5,425,000 after acquiring an additional 11,791 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction on 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 directly owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Morgan Stanley restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. JPMorgan Chase & Co. lowered 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. Citigroup lifted their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Needham & Company LLC boosted their target price on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. 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, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $196.83.

Philip Morris International Trading Down 1.1%

Shares of NYSE:PM opened at $172.86 on Wednesday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The company has a market capitalization of $269.09 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.99 and a beta of 0.38. The firm’s 50-day moving average is $176.88 and its 200 day moving average is $164.23.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. The business had revenue of $10.36 billion during 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. 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 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 disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a dividend of $1.47 per share. The ex-dividend date is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s payout ratio is presently 80.88%.

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.