14,014 Philip Morris International Inc. $PM Shares Bought by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Philip Morris stake by 3.0% in the third quarter, purchasing 14,014 shares to reach 483,447 shares valued at approximately $92.3 million. Institutional investors collectively own 78.63% of PM.
• Philip Morris reported quarterly revenue growth of 10.4% year over year and earnings of $2.20 per share, exceeding analyst expectations. Smoke-free products, pricing, and innovation remain key growth drivers.
• The company raised its quarterly dividend to $1.60, or $6.40 annually, producing a 3.1% yield. Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and a $207 price target, though debt and intensifying nicotine-market competition remain risks.

Banque Pictet & Cie SA lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,447 shares of the company's stock after purchasing an additional 14,014 shares during the period. Philip Morris International accounts for about 0.6% of Banque Pictet & Cie SA's portfolio, making the stock its 25th biggest position. Banque Pictet & Cie SA's holdings in Philip Morris International were worth $92,251,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock valued at $19,545,430,000 after purchasing an additional 444,449 shares during the period. State Street Corp increased its position in shares of Philip Morris International by 1.0% during the second quarter. State Street Corp now owns 55,569,994 shares of the company's stock worth $10,134,454,000 after acquiring an additional 536,968 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Philip Morris International during the second quarter worth about $8,220,008,000. Wellington Management Group LLP raised its holdings in shares of Philip Morris International by 3.9% in the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company's stock worth $3,167,041,000 after acquiring an additional 650,587 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Philip Morris International in the 2nd quarter worth about $3,075,267,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 2.4%

PM stock opened at $204.74 on Friday. The firm has a 50 day moving average of $191.17 and a 200-day moving average of $182.51. The firm has a market capitalization of $319.11 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $210.45.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Philip Morris International's revenue for the quarter was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 8.38 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be given a $1.60 dividend. The ex-dividend date is Friday, October 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. Philip Morris International's dividend payout ratio is 91.95%.

Philip Morris International News Summary

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

• Positive Sentiment: Philip Morris raised its dividend by 8.8%, its largest increase in several years. The move reinforces the income appeal of PM and signals management’s confidence in cash generation, although the stock’s rally has reduced its dividend yield. Philip Morris Just Raised Its Dividend 8.8%. Can It Afford Another Increase?
• Positive Sentiment: Smoke-free products, pricing and ongoing innovation are expected to support third-quarter performance. Recent results showed strong execution, with quarterly revenue up 10.4% year over year and earnings exceeding consensus estimates, providing a favorable operating backdrop. Philip Morris Q3 Earnings on Deck: Key Factors You Should Understand
• Neutral Sentiment: Analysts are focused on whether smoke-free growth can justify PM’s premium valuation as third-quarter earnings approach. Combustible tobacco cash flow continues to fund expansion, while investors will be watching management’s outlook and progress in reducing leverage. Philip Morris Q3 Earnings Preview: Competition Heating Up
• Neutral Sentiment: Philip Morris published an EY-Parthenon study highlighting its economic contribution and transformation across the European Union from 2021 through 2025. The announcement supports the company’s public-policy and regional positioning but is unlikely to materially change near-term earnings expectations. Philip Morris International Announces EU Economic Footprint Study
• Negative Sentiment: PM faces roughly $43 billion of debt, making further dividend growth less certain while interest rates remain elevated. Competition is also intensifying in the U.S. nicotine market, with ZYN’s competitive position a key concern for the upcoming quarters. Dividend Sustainability and Debt Concerns
• Negative Sentiment: Recent reports of a sharp selloff and net ETF selling indicate that some investors have taken profits, adding technical pressure despite the subsequent recovery. ETFs Are Net Sellers of Philip Morris

Analysts Set New Price Targets

Several analysts have recently commented on the company. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Needham & Company LLC lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group lifted their target price on Philip Morris International from $182.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, September 23rd. Morgan Stanley upped their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.00.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International's traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.

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