M&T Bank Corp Has $82.91 Million Holdings in Philip Morris International Inc. $PM

M&T Bank Corp trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 516,882 shares of the company’s stock after selling 81,431 shares during the period. M&T Bank Corp’s holdings in Philip Morris International were worth $82,908,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Marquette Asset Management LLC boosted its stake in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International during the third quarter valued at about $32,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Philip Morris International during the second quarter valued at about $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. Citigroup lifted their price target on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Barclays reissued an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Morgan Stanley lowered their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday. Needham & Company LLC lowered their price objective on Philip Morris International from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, UBS Group lowered their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.56.

Philip Morris International News Roundup

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Goldman Sachs turned bullish ahead of the Q1 release, which supports upside expectations into the report and may limit downside if results beat. Goldman Sachs is bullish on Philip Morris ahead of earnings
• Positive Sentiment: The FDA renewed modified-risk authorization for IQOS, preserving an important regulatory and commercial advantage as PMI shifts revenue toward heat-not-burn products. This reduces regulatory execution risk for IQOS rollout. Philip Morris’ IQOS Retains FDA Modified-Risk Authorization
• Positive Sentiment: Analysts at Jefferies included PMI on a list of dividend stocks to hold in volatile markets, highlighting the stock’s income profile and defensive qualities for cautious investors. Philip Morris and 15 More Dividend Stocks to Play This Volatile Market
• Neutral Sentiment: Marketing/brand activity: PMI’s IQOS collaboration with Devialet at Milan Design Week boosts brand and product visibility but likely has limited near-term revenue impact. IQOS and Devialet Introduce “Soundsorial Design” Collaboration
• Neutral Sentiment: Broader market context: early S&P 500 earnings have been solid, which is supportive for risk appetite generally but doesn’t change PMI-specific drivers. S&P 500 Companies’ Earnings Season Off to Solid Start, Oppenheimer Says
• Negative Sentiment: Multiple earnings previews note that PMI reports Q1 results this week, which typically raises short-term volatility as investors trim positions to avoid earnings risk — a likely driver of today’s pullback. Philip Morris Q1 earnings on deck: What to expect
• Negative Sentiment: Pre-earnings coverage (“Everything You Need To Know Ahead Of Earnings”) reiterates uncertainty around revenue mix, IQOS momentum and currency/price/mix dynamics — factors that could produce a miss or conservative guidance and further pressure the stock. Philip Morris (PM) Reports Q1: Everything You Need To Know Ahead Of Earnings

Philip Morris International Price Performance

Shares of PM opened at $153.33 on Wednesday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The company has a market capitalization of $238.97 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.92 and a beta of 0.43. The business has a 50-day moving average of $170.57 and a 200-day moving average of $163.81.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%. 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 firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s payout ratio is presently 80.88%.

Insider Buying and Selling

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred 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. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

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.