Intech Investment Management LLC Acquires 89,407 Shares of Philip Morris International Inc. $PM

Intech Investment Management LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 112.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,622 shares of the company’s stock after buying an additional 89,407 shares during the quarter. Intech Investment Management LLC’s holdings in Philip Morris International were worth $27,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PM. Vanguard Group Inc. boosted its position in shares of Philip Morris International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company’s stock valued at $23,270,582,000 after acquiring an additional 611,393 shares during the last quarter. State Street Corp increased its position in shares of Philip Morris International by 1.6% in the second quarter. State Street Corp now owns 55,831,655 shares of the company’s stock worth $10,243,429,000 after purchasing an additional 871,165 shares during the last quarter. Geode Capital Management LLC raised its stake in Philip Morris International by 1.8% in the second quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after purchasing an additional 672,983 shares in the last quarter. Fayez Sarofim & Co lifted its position in Philip Morris International by 7.9% during the second quarter. Fayez Sarofim & Co now owns 10,676,908 shares of the company’s stock valued at $1,944,585,000 after purchasing an additional 782,536 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Philip Morris International by 7.2% during the second quarter. Legal & General Group Plc now owns 7,534,710 shares of the company’s stock valued at $1,372,297,000 after purchasing an additional 508,394 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 1.7%

NYSE PM opened at $190.27 on Thursday. The company has a 50-day simple moving average of $172.51 and a two-hundred day simple moving average of $163.50. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30. The firm has a market cap of $296.19 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.13 and a beta of 0.39.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s payout ratio is presently 80.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PM. UBS Group reissued a “neutral” rating and issued a $181.50 price target on shares of Philip Morris International in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Stifel Nicolaus set a $200.00 price target on Philip Morris International in a research note on Monday, February 9th. Finally, Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.83.

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.