Franklin Resources Inc. Acquires 842,635 Shares of Philip Morris International Inc. $PM

Franklin Resources Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,401,706 shares of the company’s stock after purchasing an additional 842,635 shares during the quarter. Franklin Resources Inc. owned approximately 0.93% of Philip Morris International worth $2,310,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Tranquility Partners LLC boosted its stake in shares of Philip Morris International by 2.4% in the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after purchasing an additional 59 shares during the last quarter. Stonebridge Financial Group LLC boosted its stake in shares of Philip Morris International by 2.2% in the 4th quarter. Stonebridge Financial Group LLC now owns 2,763 shares of the company’s stock valued at $443,000 after purchasing an additional 60 shares during the last quarter. Heritage Trust Co boosted its stake in shares of Philip Morris International by 2.4% in the 4th quarter. Heritage Trust Co now owns 2,554 shares of the company’s stock valued at $410,000 after purchasing an additional 60 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its stake in shares of Philip Morris International by 1.8% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 3,372 shares of the company’s stock valued at $541,000 after purchasing an additional 61 shares during the last quarter. Finally, CFO4Life Group LLC boosted its stake in shares of Philip Morris International by 1.5% in the 4th quarter. CFO4Life Group LLC now owns 4,212 shares of the company’s stock valued at $676,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $178.66 on Monday. The company’s 50 day simple moving average is $170.84 and its 200 day simple moving average is $169.02. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The firm has a market capitalization of $278.45 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.06 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the firm earned $1.69 EPS. Philip Morris International’s quarterly revenue was up 9.1% compared to the same quarter last year. 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. As a group, analysts predict that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. UBS Group reduced their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Barclays reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 23rd. Finally, Stifel Nicolaus reduced their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

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.