Huntington National Bank Sells 6,835 Shares of Philip Morris International Inc. $PM

Huntington National Bank trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,359 shares of the company’s stock after selling 6,835 shares during the quarter. Huntington National Bank’s holdings in Philip Morris International were worth $27,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PM. Dogwood Wealth Management LLC grew its position in 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 buying an additional 82 shares during the period. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the fourth quarter valued at approximately $28,000. Entrust Financial LLC purchased a new stake in Philip Morris International in the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Philip Morris International in the third quarter worth about $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in Philip Morris International in the third quarter worth about $33,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 0.3%

NYSE:PM opened at $182.11 on Thursday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock has a 50-day moving average price of $169.35 and a 200 day moving average price of $167.98. The stock has a market capitalization of $283.82 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.09 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter last year, the business posted $1.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. On average, research analysts predict that Philip Morris International Inc. will post 8.45 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Citigroup upped their price target on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. UBS Group reduced their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Morgan Stanley reduced their price target on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.56.

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.