Illinois Municipal Retirement Fund Has $42.99 Million Stock Position in Philip Morris International Inc. $PM

Illinois Municipal Retirement Fund lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 268,001 shares of the company’s stock after selling 7,839 shares during the quarter. Philip Morris International makes up approximately 0.5% of Illinois Municipal Retirement Fund’s holdings, making the stock its 22nd biggest holding. Illinois Municipal Retirement Fund’s holdings in Philip Morris International were worth $42,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dogwood Wealth Management LLC grew its stake in shares of Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International during the 4th quarter worth $28,000. Entrust Financial LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Philip Morris International during the third quarter worth $32,000. Finally, FNY Investment Advisers LLC acquired a new position in Philip Morris International in the 3rd quarter worth $33,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 2.5%

Philip Morris International stock opened at $183.01 on Thursday. The company’s 50-day moving average price is $171.77 and its two-hundred day moving average price is $169.52. The stock has a market cap of $285.23 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. 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. Equities analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PM shares. UBS Group dropped their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Morgan Stanley upped their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned 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 price target of $192.88.

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.