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

Huntington National Bank trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Connecticut Capital Management Group LLC bought a new stake in Philip Morris International in the fourth quarter worth $220,000. Kingsview Wealth Management LLC boosted its holdings in Philip Morris International by 9.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 69,929 shares of the company’s stock worth $11,217,000 after acquiring an additional 6,050 shares in the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in Philip Morris International by 8.1% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 3,156 shares of the company’s stock worth $506,000 after acquiring an additional 237 shares in the last quarter. Fidelis Capital Partners LLC boosted its holdings in Philip Morris International by 14.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 15,077 shares of the company’s stock worth $2,418,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Syverson Strege & Co boosted its holdings in Philip Morris International by 9.0% in the fourth quarter. Syverson Strege & Co now owns 2,441 shares of the company’s stock worth $392,000 after acquiring an additional 201 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $182.11 on Thursday. The company has a market cap of $283.82 billion, a P/E ratio of 25.61, a PEG ratio of 2.09 and a beta of 0.37. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The stock’s fifty day moving average price is $169.35 and its 200-day moving average price is $167.98.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. 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, sell-side analysts anticipate that Philip Morris International Inc. will post 8.45 earnings per share 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 dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio is 82.70%.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Citigroup boosted their target price on Philip Morris International from $200.00 to $210.00 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 report on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group lowered their price target 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.56.

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.