CIBC Asset Management Inc Grows Position in Philip Morris International Inc. $PM

CIBC Asset Management Inc raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 503,018 shares of the company’s stock after purchasing an additional 142,444 shares during the quarter. CIBC Asset Management Inc’s holdings in Philip Morris International were worth $80,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its holdings in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International in the third quarter worth about $32,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Philip Morris International in the second quarter worth about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Stifel Nicolaus lowered their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Finally, Morgan Stanley lowered their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International News Summary

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

• Positive Sentiment: Philip Morris reiterated that its smoke-free business remains a key growth engine, with management highlighting broad-based momentum led by IQOS at the dbAccess Global Consumer Conference. Article: Philip Morris International Participates in 2026 dbAccess Global Consumer Conference; Updates 2026 Full-Year Diluted EPS Forecast for Currency and Non-Cash Impairment Only
• Positive Sentiment: The company said the EPS forecast change is tied to currency and a non-cash impairment rather than a collapse in underlying demand, which may limit the longer-term impact if operating trends hold up. Article: Philip Morris International Participates in 2026 dbAccess Global Consumer Conference; Updates 2026 Full-Year Diluted EPS Forecast for Currency and Non-Cash Impairment Only
• Neutral Sentiment: Management presentation at the global consumer conference may provide more detail on strategy and category growth, but by itself does not materially change the story. Article: Philip Morris International Inc. (PM) Presents at 23rd annual dbAccess Global Consumer Conference Transcript
• Negative Sentiment: Philip Morris cut its annual profit forecast after a $500 million write-down of its Canadian investment, signaling lower expected earnings this year. Article: Philip Morris Cuts Outlook on $500 Million Canada Writedown
• Negative Sentiment: Reuters reported the company also sees margin pressure from higher energy costs, currency swings, and weaker pricing power as consumers become more cautious. Article: Philip Morris cuts annual profit forecast on cost pressure, weak pricing power

Philip Morris International Stock Performance

PM stock opened at $173.63 on Wednesday. The company has a market capitalization of $270.62 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.99 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The company’s 50 day moving average price is $169.88 and its two-hundred day moving average price is $168.43.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm 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. On average, research analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were issued a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. Philip Morris International’s payout ratio is currently 82.70%.

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.