Philip Morris International shares attract new buying and selling by institutional investors

Institutional investors adjusted their positions in Philip Morris International during the first quarter. Ibex Wealth Advisors purchased 30,940 shares, valued at about $5.1 million, while Summit Securities Group LLC reduced its stake by 97.7%, selling 10,655 shares and ending the period with only 256 shares worth roughly $42,000.

The company reported first‑quarter earnings that beat expectations, posting earnings per share of $1.96 on revenue of $10.15 billion, a 9.1% year‑over‑year increase. Net margin was 11.61% and return on equity was negative 142.02%. A quarterly dividend of $1.47 per share was announced, representing an annualized $5.88 dividend and a 3.2% yield.