Ascent Wealth Partners 13F: New $737K Stake in PM

Ascent Wealth Partners opened a new position in Philip Morris International Inc. (NYSE:PM), purchasing 3,860 shares valued at about $736,565. The investment was disclosed in a Form 13F filing with the Securities and Exchange Commission on October 23, 2026.

PM Philip Morris International Inc.

$199.47 ▲ +27.67% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Ascent Wealth Partners's Philip Morris International Inc. Position

The firm started a brand-new stake in the tobacco giant during the quarter, picking up 3,860 shares. Based on the filing date, the holding had a reported value of $736,565.

Other Institutional Activity in Philip Morris International Inc.

Other wealth managers and funds made notable adjustments to their holdings in the same stock around the same time. Accurate Wealth Management grew its holdings by 4,220 shares, ending with 20,586 shares worth about $4,104,231. On the other hand, Financial Synergies Wealth Advisors sold off its entire stake of 1,125 shares. Ninety One UK trimmed its holdings by 651,777 shares, leaving it with 6,535,251 shares valued at about $1,247,056,600. Curated Wealth Partners also sharply reduced its position, dropping 5,890,121 shares to hold 6,765 shares worth about $1,290,898. Finally, Fundsmith cut its stake by 1,011,434 shares, wrapping up the period with 5,113,163 shares valued at roughly $932,027,345.

Philip Morris International Inc. Stock Up 2.2%

Philip Morris shares recently traded around $201.74 as of October 24, 2026, sitting up about 1.1% from the stock's $199.47 close on the filing date. The company has a market capitalization of roughly $314.43 billion.

Recent Earnings

The tobacco company reported trailing twelve-month revenue of $43.14 billion alongside earnings of $6.85 per share. The firm holds a net profit margin of 24.8%, and its next earnings report is scheduled for February 4, 2027.

Dividend

The company distributes an annual dividend rate of $6.40 per share, which translates to a dividend yield of 3.17%. Its dividend payout ratio stands at 84.5%.

Insider Buying and Selling at Philip Morris International Inc.

Company insiders executed several transactions earlier in the year. Officer Frederic J. De Wilde sold 20,000 shares on February 19, 2026, at a price of $182.58 for a total of $3,651,600. On the same day, officer and director Jacek Olczak sold 80,000 shares at $182.18, totaling $14,574,400. Officer Stacey Kennedy sold 14,350 shares on February 20, 2026, at $183.13 for a value of $2,627,916. Officer Reginaldo Dobrowolski disposed of 6,000 shares on February 20, 2026, worth $1,100,880.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on the stock through the year. Barclays maintained an Overweight rating with a $225 price target on July 29, 2026, while Citigroup kept a Buy rating and a $225 target on July 30, 2026. UBS maintained a Neutral rating while moving its target from $183 to $193 on September 23, 2026, and later adjusted it to $201 on October 22, 2026. Needham reiterated a Buy rating and lifted its price target to $220 from $215 on October 22, 2026. The stock currently holds a consensus recommendation of buy from 15 analysts, with a mean price target of $210.47.

About Philip Morris International Inc.

Based in Stamford, Connecticut, Philip Morris International manufactures cigarettes and smoke-free goods. Its portfolio features well-known names like IQOS heat-not-burn items, VEEV e-vapor devices, and ZYN oral nicotine products. The company also produces wellness items and smoking accessories.

Bottom Line

Ascent Wealth Partners's new equity stake adds to the ongoing institutional shuffling surrounding the tobacco maker. Investors will look toward the company's next earnings update in February 2027 for further guidance on smoke-free product growth.