Bingham Private Wealth LLC Makes New Investment in Philip Morris International Inc. $PM

Key Points

• Bingham Private Wealth LLC established a new stake in Philip Morris, buying 7,588 shares (~$1.22M), and joins other large institutional buyers as ~78.6% of the stock is held by hedge funds and institutions.
• Sell‑side analysts maintain a consensus of "Moderate Buy" with an average price target of $195.72; several firms reaffirmed $205 targets while others trimmed targets to ~$195–200, creating mixed near‑term signals.
• Philip Morris pays a quarterly dividend of $1.47 (annualized $5.88, ~3.7% yield) with a payout ratio around 80.9%, while recent insider sales by the CEO and CFO have pushed insider ownership to about 0.13%.

Bingham Private Wealth LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,588 shares of the company's stock, valued at approximately $1,217,000. Philip Morris International comprises about 1.0% of Bingham Private Wealth LLC's holdings, making the stock its 27th biggest holding.

A number of other institutional investors also recently bought and sold shares of PM. Capital Research Global Investors raised its position in Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock worth $7,063,263,000 after buying an additional 2,911,835 shares during the last quarter. Capital World Investors raised its position in Philip Morris International by 2.2% during the 3rd 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 position in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock worth $1,491,898,000 after buying an additional 2,475,204 shares during the last quarter. SG Americas Securities LLC raised its position in Philip Morris International by 1,547.2% during the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock worth $362,539,000 after buying an additional 2,123,002 shares during the last quarter. Finally, Lone Pine Capital LLC raised its position in Philip Morris International by 67.3% during the 3rd quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company's stock worth $748,463,000 after buying an additional 1,856,749 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group reissued a "neutral" rating and set a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Barclays reaffirmed an "overweight" rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a "buy" rating for the company in a report on Friday, April 10th. Morgan Stanley reaffirmed an "overweight" rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a report on Thursday, January 22nd. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.72.

Key Stories Impacting Philip Morris International

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

• Positive Sentiment: PM announced a $50 million investment to open a business solutions center in Tampa, Florida, expanding U.S. operations and signaling continued reinvestment and cost/consolidation benefits. Read More.
• Positive Sentiment: Philip Morris will serve as Principal Partner of Ferrari Hypersail, reinforcing its brand partnerships and innovation narrative (helpful for investor perception around transformation away from combustible tobacco). Read More.
• Positive Sentiment: A comparative piece argues Philip Morris is executing a credible transformation vs. Altria, framing PM’s dividend and strategic story as more sustainable — a narrative that can support investor confidence. Read More.
• Neutral Sentiment: PM appears in broader coverage of “cash‑producing” stocks; these pieces can drive retail interest but don’t add new company‑specific catalysts. Read More.
• Negative Sentiment: Needham cut its price target from $205 to $200 but kept a “buy” rating — a modest downgrade that still implies meaningful upside but contributes to near‑term selling pressure. Read More.
• Negative Sentiment: Stifel lowered its price target to $195, another analyst trim that adds to downward pressure on the stock amid profit‑taking and re‑rating risk. Read More.

Philip Morris International Price Performance

NYSE:PM opened at $159.48 on Wednesday. The firm has a market cap of $248.55 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. The company has a 50 day moving average price of $173.10 and a 200-day moving average price of $163.91. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's payout ratio is presently 80.88%.

Insider Buying and Selling at Philip Morris International

In related news, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer owned 164,463 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction on 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 approximately $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 insiders.

Philip Morris International 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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