ING Groep NV Lowers Stake in Philip Morris International Inc. $PM

ING Groep NV reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,772 shares of the company’s stock after selling 355,157 shares during the period. ING Groep NV’s holdings in Philip Morris International were worth $50,489,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PM. Vanguard Group Inc. increased its stake in Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. Capital World Investors increased its stake in Philip Morris International by 2.8% during the 4th 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 increased its stake in Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors increased its stake in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Philip Morris International by 2.8% during the 3rd quarter. Northern Trust Corp now owns 14,701,879 shares of the company’s stock valued at $2,384,645,000 after purchasing an additional 401,381 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 2.1%

Shares of NYSE PM opened at $178.66 on Friday. The firm’s 50-day moving average price is $170.84 and its 200-day moving average price is $168.91. The company has a market cap of $278.45 billion, a PE ratio of 25.13, a PEG ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the prior year, the business earned $1.69 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Analyst Ratings Changes

PM has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. UBS Group reduced their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus reduced their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

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.