Illinois Municipal Retirement Fund Cuts Holdings in Philip Morris International Inc. $PM

Illinois Municipal Retirement Fund lowered its position in Philip Morris International Inc. (NYSE:PM) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 275,840 shares of the company’s stock after selling 6,595 shares during the quarter. Philip Morris International accounts for 0.6% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 20th biggest position. Illinois Municipal Retirement Fund’s holdings in Philip Morris International were worth $44,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter worth about $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International during the second quarter valued at approximately $25,000. Marquette Asset Management LLC lifted its position in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Briaud Financial Planning Inc grew its stake in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Finally, Estabrook Capital Management acquired a new stake in shares of Philip Morris International in the second quarter worth $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 2.0%

Shares of PM opened at $186.38 on Thursday. The firm has a market cap of $290.14 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 2.02 and a beta of 0.39. The business’s 50 day moving average is $165.75 and its two-hundred day moving average is $161.96. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $188.35.

Philip Morris International (NYSE:PM) last released its quarterly 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 business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio is 80.88%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research report on Monday. Needham & Company LLC upped their target price on Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.06.

Philip Morris International News Roundup

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

• Positive Sentiment: Company extends growth outlook as smoke‑free transition accelerates — management signaled stronger medium‑term growth tied to accelerated adoption of smoke‑free products, which supports the firm’s 2026 guidance and investor confidence. Philip Morris International Extends Growth Outlook As Smoke Free Shift Accelerates
• Positive Sentiment: Analyst upgrade and higher price target — Needham raised its price target to $205 and reiterated a buy rating, signaling upside from current levels and providing fresh analyst support. Needham price target raise
• Positive Sentiment: Morning commentary highlights a solid 2026 outlook — bullish analyst pieces argue PM combines steady cash flow with growth from smoke‑free products, offering a defensive growth profile attractive to investors. With a Solid 2026 Outlook, Is It Time to Buy Philip Morris International?
• Positive Sentiment: Investor access event scheduled (CAGNY) — management (CEO & CFO) will present at the CAGNY conference on Feb 18; the webcast gives analysts a forum for detailed questions on guidance and smoke‑free progress, which can reduce uncertainty. Philip Morris International to Present at 2026 CAGNY Conference
• Neutral Sentiment: High institutional ownership and sector positioning — institutional holders own ~83% of float, which can stabilize shares but also concentrate selling pressure; sector comparisons show PM has outperformed some staples peers YTD. 83% ownership article
• Neutral Sentiment: Relative performance analysis available — market commentary compares PM to consumer staples peers, useful for portfolio positioning but unlikely to move the stock alone. Zacks sector comparison
• Negative Sentiment: India maintains e‑cigarette ban, blocking heat‑not‑burn market expansion — New Delhi’s decision to keep its e‑cigarette ban prevents PM from selling heated tobacco products in a large market, representing a meaningful near‑term lost growth opportunity and a regulatory risk reminder. India sticks to e-cigarette ban in snub for Philip Morris India keeps its e-cigarette ban in a blow to Philip Morris Philip Morris CEO calls India’s e-cigarette ban ’illogical’

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.