389,623 Shares in Philip Morris International Inc. $PM Bought by Cibc World Market Inc.

Posted by George Bondi on Aug 24th, 2026

Cibc World Market Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 389,623 shares of the company’s stock, valued at approximately $70,487,000.

Several other institutional investors have also added to or reduced their stakes in PM. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after buying an additional 1,793,949 shares during the period. Capital World Investors boosted its holdings 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 acquiring an additional 3,579,399 shares during the period. BlackRock Inc. boosted its holdings in Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock valued at $19,545,430,000 after acquiring an additional 444,449 shares during the period. Capital International Investors grew its position 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 worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Finally, Capital Research Global Investors grew its position 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 worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the topic of a number of analyst reports. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley increased their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. UBS Group raised their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Read Our Latest Analysis on PM

Philip Morris International Price Performance

NYSE PM opened at $188.14 on Monday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The stock has a market capitalization of $293.24 billion, a PE ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38. The business’s 50-day moving average is $186.03 and its 200 day moving average is $178.35.

Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $1.89 EPS. Philip Morris International’s quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio is 84.48%.

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.