Oppenheimer & Co. Inc. Sells 14,133 Shares of Philip Morris International Inc. $PM

Oppenheimer & Co. Inc. lessened its stake in Philip Morris International Inc. (NYSE:PM) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,754 shares of the company’s stock after selling 14,133 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Philip Morris International were worth $11,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PM. Wealth Enhancement Advisory Services LLC increased its position in shares of Philip Morris International by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after purchasing an additional 51,399 shares during the period. Schroder Investment Management Group increased its position in shares of Philip Morris International by 10.2% in the third quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock worth $49,251,000 after purchasing an additional 27,979 shares during the period. Trajan Wealth LLC increased its position in shares of Philip Morris International by 31.2% in the third quarter. Trajan Wealth LLC now owns 132,295 shares of the company’s stock worth $21,458,000 after purchasing an additional 31,490 shares during the period. Dynasty Wealth Management LLC increased its position in shares of Philip Morris International by 53.0% in the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock worth $4,505,000 after purchasing an additional 9,622 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Philip Morris International by 23.6% in the third quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock worth $7,125,000 after purchasing an additional 8,392 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PM shares. Citigroup raised their price target on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. UBS Group decreased their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Barclays reiterated an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.56.

Philip Morris International Trading Up 0.9%

Shares of PM stock opened at $166.60 on Friday. The business’s 50-day moving average price is $167.62 and its 200-day moving average price is $164.12. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The firm has a market capitalization of $259.66 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.90 and a beta of 0.37.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the firm posted $1.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. 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. On average, sell-side analysts predict that Philip Morris International Inc. will post 8.45 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

Insider Transactions at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated 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 sale, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the sale, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

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.