Elwood Capital Partners LP Lowers Stock Position in Philip Morris International Inc. $PM

Elwood Capital Partners LP decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 30.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,761 shares of the company’s stock after selling 12,500 shares during the quarter. Philip Morris International accounts for approximately 2.8% of Elwood Capital Partners LP’s holdings, making the stock its 9th biggest holding. Elwood Capital Partners LP’s holdings in Philip Morris International were worth $4,665,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PM. Traub Capital Management LLC acquired a new position in Philip Morris International in the second quarter worth about $25,000. Marquette Asset Management LLC raised its holdings in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the period. Estabrook Capital Management bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $30,000. Finally, Anfield Capital Management LLC grew its position in Philip Morris International by 185.5% in the second quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock valued at $36,000 after acquiring an additional 128 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Emmanuel Babeau sold 33,800 shares of the business’s 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 owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the transaction, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This trade represents a 11.23% 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.

Philip Morris International Trading Up 1.5%

PM opened at $174.52 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30. The stock has a market capitalization of $271.67 billion, a PE ratio of 24.00, a PEG ratio of 1.99 and a beta of 0.38. The firm has a 50-day moving average price of $176.24 and a two-hundred day moving average price of $164.12.

Philip Morris International (NYSE:PM) last announced its earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) 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 business earned $1.55 earnings per share. Philip Morris International’s quarterly revenue 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. On average, research analysts predict 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. Stockholders of record on Thursday, March 19th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is 80.88%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup lifted 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. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. UBS Group restated a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.83.

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.