Advisors Capital Management LLC Buys 31,290 Shares of Philip Morris International Inc. $PM

Key Points

• Advisors Capital Management increased its stake in Philip Morris International by 4.5%, buying 31,290 shares to own 730,182 shares worth about $117.12 million, making PM its 14th-largest holding.
• Philip Morris beat quarterly expectations with $1.96 EPS and $10.15 billion in revenue, issued FY2026 EPS guidance of 8.360–8.510, and analysts have a consensus rating of "Moderate Buy" with a $192.56 price target.
• Despite heavy institutional ownership (78.63%), insiders including the CEO and CFO sold shares recently, and broker actions were mixed with several price-target cuts and downgrades alongside some upgrades.

Advisors Capital Management LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 730,182 shares of the company's stock after purchasing an additional 31,290 shares during the quarter. Philip Morris International makes up about 1.4% of Advisors Capital Management LLC's portfolio, making the stock its 14th biggest holding. Advisors Capital Management LLC's holdings in Philip Morris International were worth $117,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors grew its holdings in Philip Morris International by 7.2% during the third quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock worth $7,063,263,000 after purchasing an additional 2,911,835 shares during the period. Capital World Investors increased its position in Philip Morris International by 2.2% during the third quarter. Capital World Investors now owns 128,776,327 shares of the company's stock worth $20,887,743,000 after buying an additional 2,714,674 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Philip Morris International by 36.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock valued at $1,491,898,000 after buying an additional 2,475,204 shares during the period. SG Americas Securities LLC raised its stake in Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock valued at $362,539,000 after buying an additional 2,123,002 shares during the period. Finally, Lone Pine Capital LLC lifted its position in shares of Philip Morris International by 67.3% in the third quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company's stock valued at $748,463,000 after buying an additional 1,856,749 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PM. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Citigroup increased their price target on Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Morgan Stanley cut their price target on Philip Morris International from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Friday, April 17th. UBS Group reduced their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Finally, Jefferies Financial Group downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.56.

Philip Morris International Stock Down 3.0%

Shares of Philip Morris International stock opened at $164.18 on Friday. The stock has a market capitalization of $255.87 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.43. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $191.30. The company has a 50-day simple moving average of $169.27 and a two-hundred day simple moving average of $163.99.

Philip Morris International (NYSE:PM - Get Free Report) 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 13.42% 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. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 8.44 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed 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. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, March 19th. Philip Morris International's dividend payout ratio (DPR) is 80.88%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction on Thursday, February 19th. The stock was 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 directly owned 164,463 shares of the company's stock, valued at $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the sale, the chief executive officer owned 632,344 shares of the company's stock, 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 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.

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