Philip Morris International Inc. $PM Stake Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its position in Philip Morris International Inc. (NYSE:PM) by 17.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,129,127 shares of the company’s stock after selling 846,728 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Philip Morris International were worth $682,710,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Inceptionr LLC raised its position in shares of Philip Morris International by 54.3% during the 1st quarter. Inceptionr LLC now owns 13,464 shares of the company’s stock worth $2,226,000 after purchasing an additional 4,738 shares during the period. Gibbs Wealth Management grew its position in shares of Philip Morris International by 110.4% during the first quarter. Gibbs Wealth Management now owns 18,341 shares of the company’s stock worth $3,032,000 after acquiring an additional 9,625 shares during the last quarter. Sei Investments Co. boosted its stake in Philip Morris International by 19.0% during the 1st quarter. Sei Investments Co. now owns 1,661,815 shares of the company’s stock valued at $274,764,000 after purchasing an additional 265,571 shares during the period. Ascension Capital Advisors Inc. bought a new position in Philip Morris International in the 1st quarter worth about $203,000. Finally, GSG Advisors LLC grew its position in Philip Morris International by 8.4% in the 1st quarter. GSG Advisors LLC now owns 2,695 shares of the company’s stock worth $446,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $191.13 on Friday. The company has a 50 day moving average price of $182.72 and a 200 day moving average price of $175.34. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $199.78. The firm has a market capitalization of $297.89 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts forecast that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 82.70%.

Trending Headlines about Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 on revenue of $11.19 billion, both above expectations, while smoke-free products like IQOS, ZYN, and VEEV drove growth and margin expansion. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Several analysts turned more constructive after the earnings release, including Stifel raising its price target to $205, Needham lifting its target to $215, and BTIG upgrading the stock to strong-buy. Analyst updates on Philip Morris price targets
• Positive Sentiment: The company’s smoke-free business continues to gain traction, with one report noting smoke-free products now make up 42% of revenue, supporting the long-term growth story. Philip Morris: The First $11 Billion Quarter Won’t Be The Last
• Neutral Sentiment: Management raised investment in ZYN and highlighted strong nicotine pouch momentum, which supports growth but also signals higher spending to sustain it. Philip Morris to lift Zyn investment, cigarette demand drives earnings beat
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, citing currency pressure and costs tied to Middle East conflict, which is weighing on enthusiasm despite the strong quarter. Philip Morris Trims Forecast on Currencies, Iran War Costs

Analyst Ratings Changes

Several analysts have weighed in on PM shares. BTIG Research started coverage on Philip Morris International in a research note on Tuesday. They set a “buy” rating and a $216.00 target price on the stock. Needham & Company LLC increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.44.

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.