First Trust Advisors LP Has $78.02 Million Stake in Philip Morris International Inc. $PM

First Trust Advisors LP lowered its position in Philip Morris International Inc. (NYSE:PM) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 481,014 shares of the company’s stock after selling 6,721 shares during the period. First Trust Advisors LP’s holdings in Philip Morris International were worth $78,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HUB Investment Partners LLC boosted its stake in Philip Morris International by 8.6% in the third quarter. HUB Investment Partners LLC now owns 7,007 shares of the company’s stock worth $1,137,000 after purchasing an additional 557 shares in the last quarter. Legacy Capital Group California Inc. increased its stake in shares of Philip Morris International by 30.8% in the third quarter. Legacy Capital Group California Inc. now owns 2,295 shares of the company’s stock valued at $372,000 after buying an additional 541 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of Philip Morris International by 7.5% in the third quarter. Modern Wealth Management LLC now owns 20,140 shares of the company’s stock valued at $3,266,000 after buying an additional 1,402 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Philip Morris International by 13.8% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 3,831 shares of the company’s stock valued at $621,000 after buying an additional 466 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Philip Morris International by 8.4% in the third quarter. Gamco Investors INC. ET AL now owns 9,671 shares of the company’s stock valued at $1,569,000 after buying an additional 750 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $173.07 on Tuesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30. The stock has a market cap of $269.42 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.94 and a beta of 0.38. The firm has a 50 day moving average price of $175.37 and a 200 day moving average price of $164.01.

Philip Morris International (NYSE:PM) last posted its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. The company 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 business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business 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. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a research note on Monday, February 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.83.

Insider Activity

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the business’s 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 transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the 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 owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% 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.

About Philip Morris International

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.