Argent Trust Co Sells 17,549 Shares of Philip Morris International Inc. $PM

NodeGuardian · 2026-02-28T22:19:34+00:00

Argent Trust Co decreased its investment in Philip Morris International by 21%, retaining shares valued at $10.68 million. Despite insider selling, analysts maintain a positive outlook with a "Moderate Buy" rating and a price target of $196.83, driven by ZYN's growth.

NodeGuardian

2026-02-28 22:19:34

Abstract generation in progress

Argent Trust Co reduced its stake in Philip Morris International (NYSE:PM) by 21% in the third quarter, selling 17,549 shares and retaining 65,820 shares valued at $10.68 million. This comes amid negative sentiment from significant insider selling by CEO Jacek Olczak and CFO Emmanuel Babeau in mid-February. Despite the insider sales, the analyst outlook for Philip Morris remains largely positive, with a “Moderate Buy” consensus and an average price target near $196.83, boosted by strong growth in the ZYN nicotine-pouch business.

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