Why Philip Morris International (PM) Stock Is Up Today

Philip Morris International (PM) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a single new company announcement driving the move today, so the catalyst is somewhat unclear. This could be because investors are continuing to reward Philip Morris for its stronger 2026 profit outlook, dividend increase, and steady momentum in smoke-free products ahead of its next earnings report on October 21, 2026. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1413329/000162828026060806/a2026barclaysrelease.htm))

Details:

On September 8, 2026, Philip Morris raised its 2026 adjusted diluted EPS forecast to $8.35 to $8.50, while keeping its underlying operating assumptions otherwise unchanged. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1413329/000162828026060806/a2026barclaysrelease.htm))

The same update included a third-quarter adjusted diluted EPS outlook of $2.29 to $2.34, which may be supporting optimism going into the October 21, 2026 earnings release. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1413329/000162828026060806/a2026barclaysrelease.htm))

On September 18, 2026, the board increased the regular quarterly dividend by 8.8% to $1.60 per share, lifting the annualized rate to $6.40. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1413329/000162828026062621/september2026dividend.htm))

Recent company disclosures also showed continued smoke-free strength, with smoke-free products contributing about 42% of second-quarter net revenue and growth led by IQOS, ZYN, and VEEV. ([pmi.com](https://www.pmi.com/investor-relations/press-releases-and-events/press-releases-overview/press-release-details?newsId=30296))

Sources:

SEC, Philip Morris International, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PM Hedge Fund Activity

We have seen 1,422 institutional investors add shares of $PM stock to their portfolio, and 1,091 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 48,189,101 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,717,890,261
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 13,649,748 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,469,375,910
CURATED WEALTH PARTNERS LLC added 5,894,400 shares (+237103.8%) to their portfolio in Q2 2026, for an estimated $1,066,355,904
GQG PARTNERS LLC removed 4,668,915 shares (-9.3%) from their portfolio in Q2 2026, for an estimated $844,653,412
CAPITAL RESEARCH GLOBAL INVESTORS added 4,430,638 shares (+5.6%) to their portfolio in Q2 2026, for an estimated $801,546,720
BANK OF NEW YORK MELLON CORP added 2,755,662 shares (+30.9%) to their portfolio in Q2 2026, for an estimated $498,526,812
FRANKLIN RESOURCES INC added 2,720,390 shares (+16.4%) to their portfolio in Q2 2026, for an estimated $492,145,754

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PM Price Targets

Multiple analysts have issued price targets for $PM recently. We have seen 3 analysts offer price targets for $PM in the last 6 months, with a median target of $200.0.

Here are some recent targets:

Faham Baig from UBS set a target price of $182.0 on 07/02/2026
Eric Serotta from Morgan Stanley set a target price of $200.0 on 06/03/2026
Gerald Pascarelli from Needham set a target price of $200.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.