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

The Manufacturers Life Insurance Company lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,132,803 shares of the company’s stock after selling 115,160 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Philip Morris International were worth $187,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Resurgent Financial Advisors LLC boosted its stake in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after buying an additional 54 shares during the period. Douglass Winthrop Advisors LLC raised its stake in shares of Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after acquiring an additional 56 shares during the period. Outlook Wealth Advisors LLC raised its stake in shares of Philip Morris International by 4.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after acquiring an additional 58 shares during the period. Aristotle Capital Management LLC lifted its holdings in shares of Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after acquiring an additional 58 shares during the last quarter. Finally, Tranquility Partners LLC lifted its holdings in shares of Philip Morris International by 2.4% in the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock worth $399,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.4%

Shares of PM opened at $200.34 on Wednesday. The firm has a market capitalization of $312.26 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.36 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a fifty day moving average price of $183.05 and a 200-day moving average price of $176.17.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts predict that Philip Morris International Inc. will post 8.35 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

Analyst Ratings Changes

A number of equities analysts recently commented on PM shares. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Stifel Nicolaus boosted their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a report on Friday. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Key Headlines Impacting Philip Morris International

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

• Positive Sentiment: Philip Morris doubled its planned investment in its Aurora, Colorado, ZYN manufacturing campus to approximately $1.2 billion through 2028. The facility is intended to increase U.S. production, improve supply-chain resilience and support exports as demand for nicotine pouches grows. The campus could eventually generate about $550 million in annual economic output and support roughly 1,000 indirect jobs. Philip Morris doubles Colorado campus investment to $1.2 billion
• Positive Sentiment: The Aurora campus has opened and expands PMI’s domestic manufacturing capacity, positioning the company to meet rising ZYN demand and establish a strategic U.S. production and export hub. Management’s willingness to invest heavily suggests confidence in the brand’s long-term growth prospects. PMI U.S. Opens $1.2 Billion Aurora Campus
• Positive Sentiment: Reported regulatory approval for ZYN products improves the brand’s U.S. commercial position and provides additional support for future sales growth. Philip Morris Gains Ground After ZYN Approval
• Positive Sentiment: PM’s latest quarterly results exceeded expectations, with earnings per share of $2.20 versus a $2.05 consensus estimate and revenue of $11.19 billion versus $10.60 billion. Revenue increased 10.4% year over year, reinforcing the company’s operating momentum.
• Negative Sentiment: Philip Morris cut its 2026 adjusted earnings forecast for the third time, partly because of unfavorable currency assumptions. However, investors appear to be looking past the reduction because it does not primarily reflect weaker underlying demand and comes alongside substantial ZYN reinvestment. Why Did Philip Morris Rise After Cutting Its 2026 Profit Forecast Again?

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.