London Co. of Virginia Sells 17,305 Shares of Philip Morris International Inc. $PM

London Co. of Virginia reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,518 shares of the company’s stock after selling 17,305 shares during the quarter. Philip Morris International comprises approximately 2.0% of London Co. of Virginia’s holdings, making the stock its 14th largest position. London Co. of Virginia owned about 0.14% of Philip Morris International worth $358,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lone Pine Capital LLC lifted its holdings in shares of Philip Morris International by 67.3% in the third quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company’s stock worth $748,463,000 after buying an additional 1,856,749 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Philip Morris International during the third quarter valued at $8,372,000. Integrated Wealth Concepts LLC grew its stake in Philip Morris International by 2.9% during the third quarter. Integrated Wealth Concepts LLC now owns 54,690 shares of the company’s stock valued at $8,871,000 after acquiring an additional 1,526 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Philip Morris International in the 3rd quarter valued at $170,000. Finally, Kitching Partners LLC increased its holdings in Philip Morris International by 3.6% in the 3rd quarter. Kitching Partners LLC now owns 1,883 shares of the company’s stock valued at $305,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Stifel Nicolaus set a $200.00 target price on Philip Morris International in a report on Monday, February 9th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays reissued an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.83.

Insider Activity at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 0.0%

PM stock opened at $174.74 on Tuesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The firm has a market capitalization of $272.01 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.99 and a beta of 0.38. The company has a fifty day simple moving average of $176.53 and a two-hundred day simple moving average of $164.19.

Philip Morris International (NYSE:PM) last posted its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. 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, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s 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.