Shell Asset Management Co. Sells 39,966 Shares of Philip Morris International Inc. $PM

Shell Asset Management Co. lessened its stake in Philip Morris International Inc. (NYSE:PM) by 63.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,116 shares of the company’s stock after selling 39,966 shares during the period. Shell Asset Management Co.’s holdings in Philip Morris International were worth $3,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC increased its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Sivia Capital Partners LLC raised its position in Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after acquiring an additional 1,970 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Philip Morris International during the 2nd quarter worth $208,000. Finally, Stratos Wealth Partners LTD. grew its position in shares of Philip Morris International by 56.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 35,534 shares of the company’s stock valued at $6,472,000 after acquiring an additional 12,866 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Philip Morris International stock opened at $187.35 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $190.98. The firm’s 50 day moving average price is $167.34 and its 200-day moving average price is $162.35. The stock has a market cap of $291.64 billion, a P/E ratio of 25.77, a PEG ratio of 2.07 and a beta of 0.39.

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, meeting the consensus estimate of $1.70. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $1.55 earnings per share. 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, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 80.88%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stifel Nicolaus set a $200.00 target price on Philip Morris International in a research report on Monday, February 9th. Citigroup boosted their price objective on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $194.06.

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.