iA Global Asset Management Inc. Lowers Holdings in Philip Morris International Inc. $PM

iA Global Asset Management Inc. trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 437,604 shares of the company’s stock after selling 36,970 shares during the quarter. Philip Morris International accounts for 1.0% of iA Global Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. iA Global Asset Management Inc.’s holdings in Philip Morris International were worth $72,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. AG Campbell Advisory LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter worth about $26,000. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. grew its position in Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International during the 4th quarter valued at about $29,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International News Summary

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

• Positive Sentiment: The FDA authorized 20 Zyn nicotine pouch products to be marketed with reduced-risk claims versus cigarettes, a first for the nicotine pouch category and a meaningful boost for Philip Morris International’s smoke-free strategy. FDA Issues Modified Risk Tobacco Product Orders for 20 ZYN Nicotine Pouch Products
• Positive Sentiment: PMI said the FDA decision lets it explicitly communicate that switching from cigarettes to Zyn lowers the risk of several smoking-related diseases, which could improve consumer adoption and strengthen the product’s competitive position. FDA lets Philip Morris market Zyn nicotine pouches as less harmful than cigarettes
• Neutral Sentiment: PMI also announced a €1.0 billion debt prepayment, which improves its debt profile but is less likely to be the main driver of the stock’s move today. Philip Morris adjusts debt profile with loan prepayment
• Neutral Sentiment: Broader consumer-staples trading was mixed, suggesting sector-wide moves were not the primary catalyst for PM shares. Sector Update: Consumer Stocks Mixed Late Afternoon

Philip Morris International Price Performance

NYSE PM opened at $180.84 on Wednesday. The business’s fifty day moving average price is $177.58 and its 200-day moving average price is $172.20. The stock has a market capitalization of $281.85 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.11 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PM. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group cut their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Morgan Stanley boosted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International 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.