Franklin Resources Inc. Has $2.20 Billion Position in Philip Morris International Inc. $PM

Franklin Resources Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,559,071 shares of the company’s stock after purchasing an additional 778,253 shares during the quarter. Franklin Resources Inc.’s holdings in Philip Morris International were worth $2,199,281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PM. Brentview Investment Management LLC increased its position in Philip Morris International by 4.6% during the third quarter. Brentview Investment Management LLC now owns 38,275 shares of the company’s stock worth $6,208,000 after buying an additional 1,677 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Philip Morris International by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,260 shares of the company’s stock worth $6,206,000 after acquiring an additional 638 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Philip Morris International by 0.5% during the third quarter. Van ECK Associates Corp now owns 2,461,056 shares of the company’s stock valued at $398,101,000 after acquiring an additional 13,218 shares during the period. Capital Research Global Investors increased its stake in shares of Philip Morris International by 7.2% in the third quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after purchasing an additional 2,911,835 shares during the period. Finally, Capital World Investors increased its stake in shares of Philip Morris International by 2.2% in the third quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock worth $20,887,743,000 after purchasing an additional 2,714,674 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Morgan Stanley reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Finally, Needham & Company LLC raised their price target on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.83.

Philip Morris International Trading Down 0.3%

Shares of PM stock opened at $172.78 on Wednesday. The stock has a 50 day moving average of $175.58 and a two-hundred day moving average of $164.02. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The company has a market capitalization of $268.96 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.97 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.Philip Morris International’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 EPS. 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. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International’s payout ratio is 80.88%.

Insider Buying and Selling at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the sale, the chief financial officer directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

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.