Hollencrest Capital Management Sells 14,816 Shares of Philip Morris International Inc. $PM

Hollencrest Capital Management trimmed its position in Philip Morris International Inc. (NYSE:PM) by 12.0% during the first quarter, Holdings Channel reports. The institutional investor owned 108,317 shares of the company’s stock after selling 14,816 shares during the quarter. Hollencrest Capital Management’s holdings in Philip Morris International were worth $17,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Resurgent Financial Advisors LLC raised its position in shares of Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after acquiring an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC increased its position in Philip Morris International by 4.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after purchasing an additional 58 shares during the period. Aristotle Capital Management LLC increased its position in Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares during the period. Finally, Tranquility Partners LLC raised its holdings in Philip Morris International by 2.4% during the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock worth $399,000 after purchasing an additional 59 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.1%

NYSE PM opened at $192.72 on Monday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $194.62. The stock has a 50-day simple moving average of $182.37 and a 200 day simple moving average of $174.47. The company has a market capitalization of $300.37 billion, a PE ratio of 27.11, a P/E/G ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

Analyst Ratings Changes

A number of research firms have issued reports on PM. Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley increased their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.62.

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.