Procyon Advisors LLC Grows Position in Philip Morris International Inc. $PM

Procyon Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 131.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,506 shares of the company’s stock after acquiring an additional 20,184 shares during the quarter. Procyon Advisors LLC’s holdings in Philip Morris International were worth $5,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Philip Morris International by 0.4% in the third quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company’s stock worth $23,270,582,000 after purchasing an additional 611,393 shares during the last quarter. Capital World Investors raised its stake in Philip Morris International by 2.2% during the third quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock valued at $20,887,743,000 after purchasing an additional 2,714,674 shares in the last quarter. Capital International Investors lifted its position in Philip Morris International by 1.0% during the third quarter. Capital International Investors now owns 89,150,871 shares of the company’s stock valued at $14,461,220,000 after purchasing an additional 882,885 shares during the last quarter. State Street Corp lifted its position in Philip Morris International by 1.6% during the second quarter. State Street Corp now owns 55,831,655 shares of the company’s stock valued at $10,243,429,000 after purchasing an additional 871,165 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Philip Morris International by 7.2% in the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after buying an additional 2,911,835 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Morgan Stanley reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $196.83.

Philip Morris International Trading Down 0.3%

PM stock opened at $162.90 on Friday. The stock has a market cap of $253.58 billion, a PE ratio of 22.41, a P/E/G ratio of 1.86 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The company has a 50-day moving average price of $177.19 and a 200 day moving average price of $164.18.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.

Insiders Place Their Bets

In other news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International 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 directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.

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.