The Manufacturers Life Insurance Company Takes $182.97 Million Position in Philip Morris International Inc. $PM

The Manufacturers Life Insurance Company bought a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,011,377 shares of the company’s stock, valued at approximately $182,968,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AG Campbell Advisory LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $29,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its holdings in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International in the 4th quarter valued at $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. UBS Group upped their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Stifel Nicolaus boosted their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Trading Up 1.7%

Philip Morris International stock opened at $191.48 on Tuesday. The stock has a 50 day moving average of $186.22 and a two-hundred day moving average of $178.46. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a market capitalization of $298.44 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

More Philip Morris International News

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

• Positive Sentiment: The FDA granted Marketing Granted Orders for 11 ZYN ULTRA nicotine pouch products in the United States, including all 9mg variants and one 11mg variant. The authorization broadens PM’s smoke-free portfolio, supports regulatory certainty for ZYN, and reinforces the company’s long-term shift away from combustible tobacco. Philip Morris’ ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push
• Positive Sentiment: Recent second-quarter results provided additional support for the stock: revenue increased 10.4% year over year to $11.19 billion, while adjusted earnings of $2.20 per share exceeded the $2.05 consensus estimate. The company also issued third-quarter earnings guidance of $2.20 to $2.25 per share. Should Strong Q2 Results And New FDA-Authorized ZYN ULTRA Pouches Require Action From Philip Morris Investors?
• Neutral Sentiment: PM and Altria Group (NYSE: MO) entered reciprocal contract manufacturing agreements intended to improve manufacturing efficiency and operational flexibility. PM’s non-U.S. affiliates will manufacture certain combustible cigarettes for Philip Morris USA, while the arrangements also provide reciprocal production capabilities. First shipments are expected in 2027, and the companies said the agreements should not materially affect 2026 results, limiting the near-term earnings impact. Altria, Philip Morris International sign contract manufacturing deals

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.