Philip Morris International Inc. $PM Shares Sold by Factory Mutual Insurance Co.

2026-02-24 06:22:20

Factory Mutual Insurance Co. has reduced its stake in Philip Morris International Inc. by 9.5% in the third quarter, selling 40,000 shares and now holding 380,806 shares valued at $61.77 million. Philip Morris reported in-line quarterly EPS of $1.70 but slightly missed revenue estimates at $10.36 billion, while setting strong FY 2026 EPS guidance. The company maintains a “Moderate Buy” consensus rating with an average target price near $194.06 and offers an attractive annualized dividend yield of approximately 3.2%.

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