Philip Morris International Inc. $PM Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 4.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 734,628 shares of the company’s stock after selling 32,927 shares during the quarter. Philip Morris International accounts for approximately 0.6% of Swiss Life Asset Management Ltd’s holdings, making the stock its 27th biggest holding. Swiss Life Asset Management Ltd’s holdings in Philip Morris International were worth $119,157,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Innova Wealth Partners bought a new position in shares of Philip Morris International during the third quarter worth about $363,000. Steadtrust LLC lifted its position in Philip Morris International by 3.2% in the 3rd quarter. Steadtrust LLC now owns 2,639 shares of the company’s stock valued at $428,000 after purchasing an additional 81 shares during the last quarter. Groupama Asset Managment boosted its stake in Philip Morris International by 2.3% during the 3rd quarter. Groupama Asset Managment now owns 22,364 shares of the company’s stock valued at $3,627,000 after purchasing an additional 510 shares during the period. Payne Capital Management LLC boosted its stake in Philip Morris International by 11.1% during the 3rd quarter. Payne Capital Management LLC now owns 3,086 shares of the company’s stock valued at $501,000 after purchasing an additional 308 shares during the period. Finally, Cambria Investment Management L.P. grew its position in Philip Morris International by 154.9% in the 3rd quarter. Cambria Investment Management L.P. now owns 8,779 shares of the company’s stock worth $1,424,000 after purchasing an additional 5,335 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PM. UBS Group restated a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a research note on Monday, February 9th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a research report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and lowered their target price for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.83.

Philip Morris International Stock Down 4.0%

Shares of PM opened at $165.87 on Thursday. The firm has a market capitalization of $258.21 billion, a PE ratio of 22.82, a P/E/G ratio of 1.97 and a beta of 0.38. The firm has a 50-day moving average price of $177.10 and a 200 day moving average price of $164.24. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting analysts’ consensus estimates of $1.70. The company 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%. Philip Morris International’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.5%. Philip Morris International’s payout ratio is presently 80.88%.

Insider Buying and Selling

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.