Summit Financial Wealth Advisors LLC Buys 6,823 Shares of Philip Morris International Inc. $PM

Summit Financial Wealth Advisors LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 172.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,773 shares of the company’s stock after acquiring an additional 6,823 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,728,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 55 North Private Wealth LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $241,000. Godsey & Gibb Inc. lifted its holdings in shares of Philip Morris International by 2.2% during the fourth quarter. Godsey & Gibb Inc. now owns 3,645 shares of the company’s stock valued at $585,000 after acquiring an additional 77 shares during the period. Emissary Wealth LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $821,000. Davidson Trust Co. lifted its holdings in shares of Philip Morris International by 51.0% during the fourth quarter. Davidson Trust Co. now owns 4,081 shares of the company’s stock valued at $655,000 after acquiring an additional 1,378 shares during the period. Finally, Davidson Investment Advisors lifted its holdings in shares of Philip Morris International by 21.8% during the fourth quarter. Davidson Investment Advisors now owns 116,725 shares of the company’s stock valued at $18,723,000 after acquiring an additional 20,857 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 0.1%

Philip Morris International stock opened at $157.62 on Tuesday. The stock has a 50-day simple moving average of $171.16 and a 200 day simple moving average of $163.81. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The stock has a market capitalization of $245.65 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.90 and a beta of 0.43.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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, sell-side analysts anticipate that Philip Morris International Inc. will post 8.36 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley cut their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus cut their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Barclays reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, UBS Group cut their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

Insider Transactions at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction dated 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 $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated 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 completion of the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

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.