Advisors Asset Management Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,979 shares of the company’s stock after selling 19,498 shares during the quarter. Advisors Asset Management Inc.’s holdings in Philip Morris International were worth $9,404,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC lifted its stake in Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after purchasing an additional 11,230,626 shares during the period. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Philip Morris International by 69.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock worth $821,826,000 after buying an additional 1,842,754 shares during the last quarter. Prudential Financial Inc. boosted its stake in Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after acquiring an additional 1,006,014 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Philip Morris International by 142.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after acquiring an additional 888,148 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Up 2.0%
Shares of PM stock opened at $186.38 on Thursday. The firm has a fifty day simple moving average of $165.75 and a two-hundred day simple moving average of $161.96. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $188.35. The firm has a market capitalization of $290.14 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th 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 Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.
Wall Street Analyst Weigh In
PM has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Needham & Company LLC lifted their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Barclays dropped their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $194.06.
Read Our Latest Research Report on Philip Morris International
More Philip Morris International News
Here are the key news stories impacting Philip Morris International this week:
- Positive Sentiment: Company extends growth outlook as smoke‑free transition accelerates — management signaled stronger medium‑term growth tied to accelerated adoption of smoke‑free products, which supports the firm’s 2026 guidance and investor confidence. Philip Morris International Extends Growth Outlook As Smoke Free Shift Accelerates
- Positive Sentiment: Analyst upgrade and higher price target — Needham raised its price target to $205 and reiterated a buy rating, signaling upside from current levels and providing fresh analyst support. Needham price target raise
- Positive Sentiment: Morning commentary highlights a solid 2026 outlook — bullish analyst pieces argue PM combines steady cash flow with growth from smoke‑free products, offering a defensive growth profile attractive to investors. With a Solid 2026 Outlook, Is It Time to Buy Philip Morris International?
- Positive Sentiment: Investor access event scheduled (CAGNY) — management (CEO & CFO) will present at the CAGNY conference on Feb 18; the webcast gives analysts a forum for detailed questions on guidance and smoke‑free progress, which can reduce uncertainty. Philip Morris International to Present at 2026 CAGNY Conference
- Neutral Sentiment: High institutional ownership and sector positioning — institutional holders own ~83% of float, which can stabilize shares but also concentrate selling pressure; sector comparisons show PM has outperformed some staples peers YTD. 83% ownership article
- Neutral Sentiment: Relative performance analysis available — market commentary compares PM to consumer staples peers, useful for portfolio positioning but unlikely to move the stock alone. Zacks sector comparison
- Negative Sentiment: India maintains e‑cigarette ban, blocking heat‑not‑burn market expansion — New Delhi’s decision to keep its e‑cigarette ban prevents PM from selling heated tobacco products in a large market, representing a meaningful near‑term lost growth opportunity and a regulatory risk reminder. India sticks to e-cigarette ban in snub for Philip Morris India keeps its e-cigarette ban in a blow to Philip Morris Philip Morris CEO calls India’s e-cigarette ban ’illogical’
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.
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