Canada Pension Plan Investment Board Has $198.43 Million Holdings in Philip Morris International Inc. $PM

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Philip Morris International by 69.0%, selling 2,776,261 shares in the first quarter, leaving it with 1,250,076 shares valued at approximately $198.4 million.
• Philip Morris International reported a quarterly EPS of $1.91, beating analyst expectations, while the company plans for a guidance of 2.080-2.130 EPS for Q3 2025.
• The company declared a quarterly dividend of $1.35 per share, representing an annualized dividend of $5.40 with a yield of 3.3%.

Canada Pension Plan Investment Board lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 69.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,250,076 shares of the company's stock after selling 2,776,261 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Philip Morris International worth $198,425,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Linscomb Wealth Inc. boosted its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after buying an additional 2,669 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Philip Morris International by 7.3% in the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after purchasing an additional 242,799 shares during the last quarter. 49 Wealth Management LLC lifted its stake in shares of Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after purchasing an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO lifted its stake in shares of Philip Morris International by 704.0% in the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after purchasing an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after purchasing an additional 87,631 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PM shares. UBS Group lifted their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America boosted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $1.38 on Monday, hitting $167.15. 5,357,997 shares of the company were exchanged, compared to its average volume of 4,840,791. The company's 50 day moving average price is $172.04 and its two-hundred day moving average price is $166.99. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The firm has a market capitalization of $260.18 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.43 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business's revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's payout ratio is presently 102.66%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.