Hartford Funds Management Co LLC Purchases 4,603 Shares of Philip Morris International Inc. $PM

Hartford Funds Management Co LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 33.7% in the 4th quarter, Holdings Channel reports. The fund owned 18,245 shares of the company’s stock after buying an additional 4,603 shares during the quarter. Philip Morris International accounts for approximately 0.2% of Hartford Funds Management Co LLC’s holdings, making the stock its 21st largest position. Hartford Funds Management Co LLC’s holdings in Philip Morris International were worth $2,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Dogwood Wealth Management LLC lifted its holdings in 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 purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $28,000. Entrust Financial LLC purchased a new stake in Philip Morris International during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $32,000. Finally, FNY Investment Advisers LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $33,000. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the firm’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were 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 directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PM shares. UBS Group dropped their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Stifel Nicolaus dropped their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Morgan Stanley dropped their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.56.

Philip Morris International Stock Up 1.1%

NYSE:PM opened at $191.62 on Tuesday. The business’s 50-day moving average price is $167.22 and its two-hundred day moving average price is $165.99. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $192.95. The stock has a market cap of $298.65 billion, a P/E ratio of 26.95, a PEG ratio of 2.18 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter last year, the firm posted $1.69 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. 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, equities research analysts expect that Philip Morris International Inc. will post 8.45 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

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.