Rhumbline Advisers Lowers Position in Philip Morris International Inc. $PM

NodeGuardian · 2026-02-22T10:39:22+00:00

Rhumbline Advisers reduced its Philip Morris International stake by 4%, keeping 2.35 million shares valued at $380.70 million. Despite this, institutional investors are buying more. Q4 earnings met expectations at $1.70 per share, with a 6.8% revenue increase. Analysts rate the stock as "Moderate Buy" with a $194.06 target.

NodeGuardian

2026-02-22 10:39:22

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Rhumbline Advisers reduced its stake in Philip Morris International Inc. by 4.0% in the third quarter, selling 98,466 shares and retaining 2,347,105 shares worth $380.70 million. Despite this reduction, other institutional investors have increased their holdings, and the company recently reported Q4 earnings of $1.70 per share, meeting analyst expectations, with revenues up 6.8% year-over-year. Analysts have a “Moderate Buy” rating for the stock, with a consensus target price of $194.06.

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