Spire Wealth Management Sells 30,353 Shares of Philip Morris International Inc. $PM

Spire Wealth Management decreased its position in Philip Morris International Inc. (NYSE:PM) by 70.1% in the fourth quarter, Holdings Channel reports. The firm owned 12,935 shares of the company’s stock after selling 30,353 shares during the period. Spire Wealth Management’s holdings in Philip Morris International were worth $2,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares in the last quarter. Trustmark Bank Trust Department lifted its stake in Philip Morris International by 3.5% in the second quarter. Trustmark Bank Trust Department now owns 6,112 shares of the company’s stock worth $1,113,000 after acquiring an additional 206 shares during the period. Finally, VestGen Advisors LLC lifted its stake in Philip Morris International by 9.2% in the second quarter. VestGen Advisors LLC now owns 13,121 shares of the company’s stock worth $2,321,000 after acquiring an additional 1,101 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other news, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 9th. Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. 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. Needham & Company LLC lifted their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Citigroup boosted 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. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Philip Morris International Price Performance

PM opened at $164.68 on Tuesday. The firm has a market capitalization of $256.65 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.86 and a beta of 0.38. The business’s 50-day moving average is $176.42 and its two-hundred day moving average is $164.19. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30.

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

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s dividend payout ratio is presently 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.