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

London Co. of Virginia lowered its position in Philip Morris International Inc. (NYSE:PM) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,211,518 shares of the company’s stock after selling 17,305 shares during the period. Philip Morris International comprises about 2.0% of London Co. of Virginia’s investment portfolio, making the stock its 14th largest holding. London Co. of Virginia’s holdings in Philip Morris International were worth $358,712,000 at the end of the most recent reporting period.

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

Philip Morris International Price Performance

Shares of PM stock opened at $174.74 on Tuesday. The company has a market capitalization of $272.01 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.99 and a beta of 0.38. The company’s 50-day simple moving average is $176.53 and its two-hundred day simple moving average is $164.19. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30.

Philip Morris International (NYSE:PM) last issued its earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting analysts’ consensus estimates of $1.70. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. 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. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s payout ratio is 80.88%.

Insiders Place Their Bets

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PM. 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. JPMorgan Chase & Co. decreased their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Citigroup boosted their price objective on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Stifel Nicolaus set a $200.00 target price on Philip Morris International in a research note on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $196.83.

Philip Morris International Company 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.