Lazard Asset Management LLC Has $100.97 Million Holdings in Philip Morris International Inc. $PM

Lazard Asset Management LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 34.1% in the first quarter, Holdings Channel.com reports. The firm owned 610,714 shares of the company’s stock after selling 316,634 shares during the period. Lazard Asset Management LLC’s holdings in Philip Morris International were worth $100,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family Manage LLC raised its stake in shares of Philip Morris International by 15.3% in the first quarter. Family Manage LLC now owns 2,610 shares of the company’s stock worth $432,000 after purchasing an additional 347 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in shares of Philip Morris International by 345.4% during the first quarter. Gateway Wealth Partners LLC now owns 14,675 shares of the company’s stock valued at $2,426,000 after buying an additional 11,380 shares during the last quarter. Blue Chip Partners LLC boosted its position in shares of Philip Morris International by 2.9% during the first quarter. Blue Chip Partners LLC now owns 167,288 shares of the company’s stock valued at $27,659,000 after buying an additional 4,680 shares during the last quarter. Cypress Capital Group grew its holdings in Philip Morris International by 1.2% during the first quarter. Cypress Capital Group now owns 57,607 shares of the company’s stock worth $9,525,000 after buying an additional 695 shares in the last quarter. Finally, 44 Wealth Management LLC raised its position in Philip Morris International by 4.1% in the 1st quarter. 44 Wealth Management LLC now owns 19,923 shares of the company’s stock valued at $3,294,000 after buying an additional 789 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

NYSE PM opened at $195.74 on Tuesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $199.78. The company has a 50-day simple moving average of $182.87 and a 200 day simple moving average of $175.86. The company has a market capitalization of $305.07 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.28 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 for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm earned $1.89 EPS. The company’s revenue 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. As a group, analysts forecast that Philip Morris International Inc. will post 8.35 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 84.48%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Morgan Stanley boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Trending Headlines about Philip Morris International

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

• Positive Sentiment: Philip Morris doubled its planned investment in its Aurora, Colorado, manufacturing campus to approximately $1.2 billion through 2028. The facility is intended to expand Zyn nicotine-pouch production, strengthen supply-chain capacity and support exports as demand grows. It could eventually generate about $550 million in annual economic activity and support 1,000 indirect jobs. Philip Morris doubles Colorado campus investment to $1.2 billion
• Positive Sentiment: The investment reinforces PMI’s shift toward smoke-free products and gives Zyn additional production capacity in the U.S. The FDA’s modified-risk authorization for Zyn—the first U.S. nicotine pouch to receive that status—could also support consumer adoption and strengthen the brand’s competitive position. Philip Morris International Wins FDA Modified Risk Status For ZYN In The US
• Positive Sentiment: Recent quarterly results were strong, with earnings and revenue exceeding consensus estimates and revenue rising 10.4% year over year. Investors appear willing to look beyond near-term guidance pressure because PMI is reinvesting cash into its higher-growth U.S. smoke-free business. The Sharpest Exchanges From PM’s Earnings Call
• Negative Sentiment: PMI lowered its 2026 adjusted earnings forecast for the third time this year. The reduction was primarily tied to less favorable currency assumptions, but repeated guidance cuts remain a risk to earnings expectations and valuation. Why Did Philip Morris Rise After Cutting Its 2026 Profit Forecast Again?

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.