Conning Inc. Raises Position in Philip Morris International Inc. $PM

Conning Inc. raised its position in Philip Morris International Inc. (NYSE:PM) by 9.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 170,476 shares of the company’s stock after acquiring an additional 14,043 shares during the quarter. Conning Inc.’s holdings in Philip Morris International were worth $27,344,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC raised its stake in Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Philip Morris International by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,398 shares of the company’s stock worth $2,470,000 after purchasing an additional 157 shares during the last quarter. Granite Bay Wealth Management LLC boosted its stake in Philip Morris International by 15.2% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,728 shares of the company’s stock worth $277,000 after purchasing an additional 228 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Philip Morris International by 0.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 64,117 shares of the company’s stock worth $10,284,000 after buying an additional 527 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Philip Morris International by 5.6% during the fourth quarter. Berkeley Capital Partners LLC now owns 4,680 shares of the company’s stock worth $751,000 after buying an additional 247 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PM shares. Citigroup raised their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Stifel Nicolaus dropped their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley cut their price objective on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.56.

Philip Morris International Stock Up 2.0%

PM opened at $191.73 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $192.92. The business has a fifty day simple moving average of $166.56 and a 200-day simple moving average of $165.44. The firm has a market cap of $298.83 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.16 and a beta of 0.37.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 142.02% and a net margin of 11.61%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.69 EPS. 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. Sell-side analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is 82.70%.

Insider Transactions at Philip Morris International

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

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.