Institutions Boost Philip Morris Stake by $2.66B, Ownership at 78.63%
National Pension Service added 98,450 PM shares (+2.7%) to reach 3.81M shares valued at $618M, and WCM Investment Management raised its stake by 11.23M shares to 11.28M shares worth $2.04B, driving institutional ownership to 78.63%. Analysts hold a Moderate Buy consensus with an average target of $184.56.
1. KeyBank National Association OH Boosts PM Stake by 14.0%
In its latest Form 13F filing for the third quarter, KeyBank National Association OH disclosed a 14.0% increase in its holdings of Philip Morris International shares. The firm added 19,773 shares to reach a total of 160,708 shares, representing a position valued at approximately 26.07 million dollars as of the filing date. This move underscores KeyBank’s continued confidence in PM’s product diversification strategy and global smoke-free portfolio, and raises its percentage ownership within the broader institutional investor base that already controls nearly 79% of outstanding shares.
2. Berman McAleer LLC Establishes New Position in PM Worth $481,000
During the third quarter, Berman McAleer LLC initiated a position in Philip Morris International by purchasing 2,965 shares at an aggregate cost of about 481,000 dollars. This entry places Berman McAleer among the growing list of mid-sized asset managers allocating fresh capital to the tobacco giant. The firm’s decision follows similar small stakes acquired earlier in the year by advisors such as Legacy Investment Solutions and Traub Capital Management, each establishing $25,000-level positions in the second quarter.
3. National Pension Service Increases PM Holding to 3.81 Million Shares
The National Pension Service confirmed a 2.7% uptick in its PM stake for the third quarter, adding 98,450 shares to reach 3,810,514 shares in total. Valued at roughly 618.07 million dollars, the pension fund now holds about 0.24% of PM’s outstanding capital. This incremental purchase highlights the fund’s long-term confidence in PM’s consistent dividend growth—currently delivering an annualized yield north of 3.3%—and its global leadership in next-generation nicotine products.