Philip Morris International Inc. $PM Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its stake in Philip Morris by 3.2%, selling 14,746 shares and leaving 439,866 shares valued at about $70.6 million, while institutional ownership remains high at 78.63%.
• Insider selling: CEO Jacek Olczak sold 80,000 shares and CFO Emmanuel Babeau sold 33,800 shares, reducing their ownership by about 11.2% and 17.1% respectively.
• Mixed results and outlook: Q1 adjusted EPS of $1.96 and $10.15B revenue beat estimates and showed smoke‑free product momentum, but management trimmed its annual profit forecast and flagged competition and regulatory uncertainty around nicotine pouches as key risks.

Arizona State Retirement System reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 439,866 shares of the company's stock after selling 14,746 shares during the period. Arizona State Retirement System's holdings in Philip Morris International were worth $70,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 143,468,448 shares of the company's stock worth $23,270,582,000 after acquiring an additional 611,393 shares during the period. Capital World Investors lifted its stake in shares of Philip Morris International by 2.2% in the 3rd quarter. Capital World Investors now owns 128,776,327 shares of the company's stock worth $20,887,743,000 after acquiring an additional 2,714,674 shares during the period. Capital International Investors lifted its stake in shares of Philip Morris International by 1.0% in the 3rd quarter. Capital International Investors now owns 89,150,871 shares of the company's stock worth $14,461,220,000 after acquiring an additional 882,885 shares during the period. Capital Research Global Investors lifted its stake in shares of Philip Morris International by 7.2% in the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock worth $7,063,263,000 after acquiring an additional 2,911,835 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Philip Morris International by 2.8% in the 3rd quarter. Northern Trust Corp now owns 14,701,879 shares of the company's stock worth $2,384,645,000 after acquiring an additional 401,381 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the sale, the chief executive officer owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the sale, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Key Headlines Impacting Philip Morris International

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

• Positive Sentiment: Q1 beat and smoke‑free momentum: PM reported adjusted EPS of $1.96 and revenue of $10.15B (both above consensus); management highlighted strong international smoke‑free product growth that helped offset U.S. headwinds. PM Q1 Deep Dive: International Smoke-Free Growth and Strong Pricing Offset U.S. Headwinds
• Positive Sentiment: Analyst support: Needham reaffirmed a "buy" rating and set a $200 price target, offering upside versus the current level and reinforcing investor confidence. Needham reaffirms buy, $200 PT
• Positive Sentiment: Brand/licensing expansion: PMI expanded its long‑running Ducati Corse partnership so ZYN nicotine pouch branding will appear on select MotoGP liveries — marketing reach for its leading pouch brand. Philip Morris International Expands its Partnership with Ducati Corse as Decades-Long Partnership Races Forward with Purpose
• Neutral Sentiment: Guidance updated: PMI provided Q2 (2.020–2.070 EPS) and FY‑2026 (8.360–8.510 EPS) ranges; FY is roughly in line with consensus but Q2 guidance is slightly below street expectations — a short‑term headwind to estimates. Philip Morris International Reports 2026 First-Quarter Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast
• Negative Sentiment: Trimmed profit outlook and pouch uncertainty: Management cut its annual profit forecast signaling pressure from competition in nicotine pouches and regulatory uncertainty around ZYN, a factor that investors see as a material forward risk. Philip Morris cuts annual profit forecast
• Negative Sentiment: Illicit market / public policy risk in Canada: RBH (a PMI affiliate) is urging federal coordination after a KPMG report estimated large tax revenue losses from contraband tobacco in Canada — enforcement, taxes or policy responses could affect volumes or spark reputational/regulatory scrutiny. CANADA LOSING $2.1 BILLION IN TAX REVENUE SAYS KPMG REPORT

Philip Morris International Price Performance

NYSE PM opened at $169.39 on Friday. The company's 50 day simple moving average is $169.73 and its 200 day simple moving average is $163.85. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The company has a market capitalization of $264.00 billion, a P/E ratio of 23.82, a PEG ratio of 1.98 and a beta of 0.43.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the firm earned $1.69 EPS. 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, analysts anticipate that Philip Morris International Inc. will post 8.44 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were issued a dividend of $1.47 per share. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.5%. Philip Morris International's payout ratio is currently 80.88%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PM. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday. Jefferies Financial Group lowered shares of Philip Morris International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. UBS Group reduced their price target on shares of Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.56.

About Philip Morris International

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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