Investment Management Corp of Ontario Has $16.89 Million Stock Holdings in Philip Morris International Inc. $PM

Investment Management Corp of Ontario boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 44.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,311 shares of the company’s stock after purchasing an additional 32,303 shares during the quarter. Investment Management Corp of Ontario’s holdings in Philip Morris International were worth $16,892,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in shares of Philip Morris International by 60.9% in the fourth quarter. Janus Henderson Group PLC now owns 4,460,062 shares of the company’s stock valued at $715,402,000 after purchasing an additional 1,687,758 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Philip Morris International by 69.4% during the 4th quarter. Gotham Asset Management LLC now owns 221,278 shares of the company’s stock worth $35,493,000 after buying an additional 90,680 shares during the period. Evolve Private Wealth LLC acquired a new position in Philip Morris International in the 4th quarter valued at about $1,441,000. First Manhattan CO. LLC. grew its stake in Philip Morris International by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 1,814,641 shares of the company’s stock valued at $293,261,000 after buying an additional 20,910 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new position in Philip Morris International in the 4th quarter valued at about $7,967,000. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PM. Barclays restated an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. Morgan Stanley upped their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Stifel Nicolaus dropped their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.88.

Philip Morris International Stock Down 2.5%

NYSE PM opened at $179.43 on Thursday. The company has a market capitalization of $279.64 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The firm has a 50-day moving average price of $174.01 and a two-hundred day moving average price of $170.46.

Philip Morris International (NYSE:PM) last announced its 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. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the firm earned $1.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. 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. Equities analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 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.