GC Wealth Management RIA LLC Cuts Holdings in Philip Morris International Inc. $PM

GC Wealth Management RIA LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 77.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,292 shares of the company’s stock after selling 17,713 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Philip Morris International were worth $849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marquette Asset Management LLC grew its stake in Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International in the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in Philip Morris International in the 3rd quarter worth approximately $32,000. Finally, McIlrath & Eck LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the sale, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the sale, 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 SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $165.40 on Friday. The firm has a market cap of $257.79 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.87 and a beta of 0.43. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $191.30. The firm has a 50 day moving average price of $167.62 and a 200-day moving average price of $164.12.

Philip Morris International (NYSE:PM) last posted 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 net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the business posted $1.69 EPS. The firm’s revenue 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. As a group, equities research analysts predict that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Barclays restated an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 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 report on Tuesday, February 10th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.56.

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.