Philip Morris International Inc. $PM Position Increased by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,613 shares of the company’s stock after purchasing an additional 7,600 shares during the period. New York Life Investment Management LLC’s holdings in Philip Morris International were worth $34,745,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cornerstone Wealth Management LLC boosted its holdings in shares of Philip Morris International by 1.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,398 shares of the company’s stock valued at $2,470,000 after buying an additional 157 shares during the period. Granite Bay Wealth Management LLC raised its stake in Philip Morris International by 15.2% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,728 shares of the company’s stock worth $277,000 after acquiring an additional 228 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Philip Morris International by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 64,117 shares of the company’s stock worth $10,284,000 after acquiring an additional 527 shares during the last quarter. Berkeley Capital Partners LLC lifted its holdings in Philip Morris International by 5.6% in the fourth quarter. Berkeley Capital Partners LLC now owns 4,680 shares of the company’s stock worth $751,000 after acquiring an additional 247 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in Philip Morris International by 165.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,029 shares of the company’s stock valued at $486,000 after acquiring an additional 1,886 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the transaction, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Stifel Nicolaus cut their target price on 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. Finally, Citigroup boosted their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.56.

Philip Morris International Trading Up 2.0%

Shares of NYSE:PM opened at $191.73 on Friday. The firm’s 50 day moving average is $166.56 and its two-hundred day moving average is $165.44. The firm has a market capitalization of $298.83 billion, a P/E ratio of 26.97, a PEG ratio of 2.16 and a beta of 0.37. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $192.92.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the company posted $1.69 EPS. The business’s revenue for the quarter 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. Analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current year.

Philip Morris International Announces Dividend

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