Truist Financial Corp Purchases 69,471 Shares of Philip Morris International Inc. $PM

Truist Financial Corp lifted its position in Philip Morris International Inc. (NYSE:PM) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,476,887 shares of the company’s stock after buying an additional 69,471 shares during the quarter. Truist Financial Corp’s holdings in Philip Morris International were worth $397,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marquette Asset Management LLC grew its stake in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Philip Morris International by 96.5% in 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 in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Philip Morris International in the third quarter valued at $32,000. Finally, McIlrath & Eck LLC bought a new position in shares of Philip Morris International in the second quarter valued at $36,000. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at $29,868,125.43. This trade represents a 17.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $166.60 on Monday. The business has a fifty day simple moving average of $167.62 and a two-hundred day simple moving average of $164.19. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The company has a market capitalization of $259.66 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.91 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the firm posted $1.69 EPS. The company’s quarterly revenue 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. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.5%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Citigroup raised their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their target price for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, UBS Group cut their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price 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.