Maverick Capital Ltd. Sells 1,609,777 Shares of Philip Morris International Inc. $PM

Maverick Capital Ltd. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 73.9% during the first quarter, Holdings Channel reports. The institutional investor owned 567,250 shares of the company’s stock after selling 1,609,777 shares during the quarter. Maverick Capital Ltd.’s holdings in Philip Morris International were worth $93,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. Capital World Investors raised its stake in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Capital International Investors lifted its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, Invesco Ltd. boosted its stake in Philip Morris International by 2.5% during the fourth quarter. Invesco Ltd. now owns 15,631,408 shares of the company’s stock worth $2,507,278,000 after buying an additional 383,786 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. Eleven equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $195.74 on Tuesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $199.78. The company’s fifty day moving average is $182.87 and its 200-day moving average is $175.86. The company has a market capitalization of $305.07 billion, a PE ratio of 28.12, a P/E/G ratio of 2.28 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

Philip Morris International News Summary

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

• Positive Sentiment: Philip Morris doubled its planned investment in its Aurora, Colorado, manufacturing campus to approximately $1.2 billion through 2028. The facility is intended to expand Zyn nicotine-pouch production, strengthen supply-chain capacity and support exports as demand grows. It could eventually generate about $550 million in annual economic activity and support 1,000 indirect jobs. Philip Morris doubles Colorado campus investment to $1.2 billion
• Positive Sentiment: The investment reinforces PMI’s shift toward smoke-free products and gives Zyn additional production capacity in the U.S. The FDA’s modified-risk authorization for Zyn—the first U.S. nicotine pouch to receive that status—could also support consumer adoption and strengthen the brand’s competitive position. Philip Morris International Wins FDA Modified Risk Status For ZYN In The US
• Positive Sentiment: Recent quarterly results were strong, with earnings and revenue exceeding consensus estimates and revenue rising 10.4% year over year. Investors appear willing to look beyond near-term guidance pressure because PMI is reinvesting cash into its higher-growth U.S. smoke-free business. The Sharpest Exchanges From PM’s Earnings Call
• Negative Sentiment: PMI lowered its 2026 adjusted earnings forecast for the third time this year. The reduction was primarily tied to less favorable currency assumptions, but repeated guidance cuts remain a risk to earnings expectations and valuation. 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.