The Manufacturers Life Insurance Company Cuts Stock Holdings in Philip Morris International Inc. $PM

Key Points

• The Manufacturers Life Insurance Company cut its Philip Morris stake by 10.7% in the second quarter, selling 121,426 shares and retaining 1,011,377 shares valued at approximately $183 million.
• Analysts remain broadly bullish, with 10 Buy ratings and two Hold ratings, a consensus “Moderate Buy” rating, and an average price target of $205.89.
• Philip Morris reported a quarterly earnings beat, posting $2.20 in EPS versus $2.05 expected and $11.19 billion in revenue, up 10.4% year over year.

The Manufacturers Life Insurance Company reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,011,377 shares of the company's stock after selling 121,426 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Philip Morris International worth $182,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after buying an additional 1,970 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. increased its holdings in shares of Philip Morris International by 2,280.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock valued at $65,000 after acquiring an additional 342 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Trading Up 2.2%

NYSE:PM opened at $189.79 on Friday. The stock's 50 day simple moving average is $188.40 and its 200-day simple moving average is $178.82. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a market cap of $295.81 billion, a P/E ratio of 27.27, a PEG ratio of 2.36 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts forecast that Philip Morris International Inc. will post 8.48 EPS for the current fiscal year.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company's portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.

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