Jefferies Financial Group Inc. Sells 40,924 Shares of Philip Morris International Inc. $PM

Jefferies Financial Group Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 57.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,875 shares of the company’s stock after selling 40,924 shares during the period. Jefferies Financial Group Inc.’s holdings in Philip Morris International were worth $4,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its stake in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $32,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Philip Morris International in the second quarter worth approximately $36,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of PM stock opened at $189.26 on Tuesday. The company has a market cap of $294.97 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.17 and a beta of 0.37. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The stock has a 50 day simple moving average of $169.06 and a 200-day simple moving average of $167.52.

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

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s payout ratio is presently 82.70%.

Wall Street Analyst Weigh In

Several research firms have commented on PM. Citigroup raised their price objective on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Stifel Nicolaus decreased their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. UBS Group dropped their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.56.

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.