Panagora Asset Management Inc. Acquires 176,873 Shares of Philip Morris International Inc. $PM

Posted by Brian Himes on Jun 15th, 2026

Panagora Asset Management Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,655,757 shares of the company’s stock after purchasing an additional 176,873 shares during the period. Philip Morris International makes up about 0.9% of Panagora Asset Management Inc.’s holdings, making the stock its 12th biggest position. Panagora Asset Management Inc.’s holdings in Philip Morris International were worth $265,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. Perryman Financial Advisory Inc. AD bought a new stake in Philip Morris International during the 4th quarter worth approximately $804,000. Palisade Asset Management LLC increased its holdings in Philip Morris International by 14,420.0% during the 4th quarter. Palisade Asset Management LLC now owns 1,452 shares of the company’s stock worth $233,000 after acquiring an additional 1,442 shares during the period. Piedmont Capital Management LLC NC bought a new stake in Philip Morris International during the 4th quarter worth approximately $762,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International during the 4th quarter worth approximately $26,000. Finally, Resources Management Corp CT ADV increased its holdings in Philip Morris International by 44.0% during the 4th quarter. Resources Management Corp CT ADV now owns 3,600 shares of the company’s stock worth $577,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PM. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group decreased their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Finally, Morgan Stanley upped their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $192.88.

Check Out Our Latest Stock Report on PM

Philip Morris International Price Performance

Shares of NYSE:PM opened at $184.41 on Monday. The company’s fifty day moving average price is $172.61 and its 200-day moving average price is $169.93. The firm has a market capitalization of $287.41 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05.

Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. 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 expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is presently 82.70%.

Philip Morris International Profile

(Free Report)

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.