Philip Morris International Inc. $PM Stock Position Raised by Capital International Investors

Key Points

• Capital International Investors raised its stake in Philip Morris by 1.0% to 89,150,871 shares (about 5.73% ownership), a position valued at roughly $14.46 billion and the firm's sixth-largest holding.
• Insider selling occurred: CEO Jacek Olczak sold 80,000 shares (~$14.57M) and CFO Emmanuel Babeau sold 33,800 shares (~$6.14M), cutting their ownership by 11.23% and 17.05%, respectively.
• Philip Morris reported quarterly EPS of $1.70 (in line with estimates), issued Q1 2026 guidance of 1.800–1.850 EPS and FY 2026 guidance of 8.380–8.530 EPS, and declared a quarterly dividend of $1.47 (annualized $5.88, ~3.4% yield).

Capital International Investors grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,150,871 shares of the company's stock after buying an additional 882,885 shares during the period. Philip Morris International makes up about 2.3% of Capital International Investors' holdings, making the stock its 6th biggest holding. Capital International Investors owned 5.73% of Philip Morris International worth $14,461,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Traub Capital Management LLC bought a new position in Philip Morris International in the second quarter valued at $25,000. Marquette Asset Management LLC increased its position in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company's stock valued at $27,000 after buying an additional 82 shares in the last quarter. Estabrook Capital Management bought a new stake in Philip Morris International in the 2nd quarter worth approximately $30,000. Finally, Anfield Capital Management LLC boosted its stake in Philip Morris International by 185.5% in the second quarter. Anfield Capital Management LLC now owns 197 shares of the company's stock worth $36,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Buying and Selling

In related news, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction 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 $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Philip Morris International from $190.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 26th. Barclays reiterated an "overweight" rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. UBS Group reiterated a "neutral" rating and issued a $181.50 price objective on shares of Philip Morris International in a report on Monday, February 9th. Finally, Stifel Nicolaus set a $200.00 target price on Philip Morris International in a report on Monday, February 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.83.

Philip Morris International Trading Up 1.8%

PM stock opened at $173.07 on Tuesday. The stock has a market capitalization of $269.42 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.94 and a beta of 0.38. The firm's 50-day moving average price is $175.37 and its two-hundred day moving average price is $164.01. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts' consensus estimates 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%. Philip Morris International's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. 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. Equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a $1.47 dividend. The ex-dividend date is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.4%. Philip Morris International's dividend payout ratio (DPR) is 80.88%.

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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