Curated Wealth Partners 13F: Cuts PM Stake by $1.1B

Curated Wealth Partners filed a Form 13F with the SEC on October 15, 2026, revealing a major reduction in its holdings of Philip Morris International Inc. (NYSE:PM). Institutional filings look backward at the prior quarter, so this disclosure shows the portfolio adjustment as of that date and may not reflect the investor's current stance on the tobacco company.

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

Curated Wealth Partners cut its stake in Philip Morris International Inc. by 99.8%, parting ways with 5,890,121 shares during the period. The fund wrapped up the quarter with 6,765 shares remaining, carrying a reported value of $1,290,898. Because 13F forms report past activity, the trades occurred earlier in the quarter.

Other Institutional Activity in Philip Morris International Inc.

Other large funds made smaller adjustments to their positions in the tobacco producer. Capital World Investors trimmed its holdings by 293,581 shares, ending with 133,152,391 shares worth about $27,322,870,226. Blackrock Inc. grew its holdings by 505,410 shares, ending with 108,039,522 shares worth about $22,169,709,584. Vanguard Capital Management LLC grew its holdings by 627,182 shares, ending with 101,785,557 shares worth about $20,886,395,985. Capital Research Global Investors grew its holdings by 4,430,202 shares, ending with 84,253,663 shares worth about $17,288,851,390. Finally, Capital International Investors trimmed its holdings by 509,331 shares, ending with 72,252,261 shares worth about $14,826,163,736.

Philip Morris International Inc. Stock Up 2.2%

Philip Morris International Inc. shares recently traded around $204.31. The stock sits below its 52-week high of $210.45 and well above its 52-week low of $142.11.

Recent Earnings

Philip Morris International Inc. reported trailing twelve-month revenue of $42,545,000,448 and earnings of $6.96 per share. The company posted a net profit margin of 25.6% alongside a year-over-year revenue growth rate of 10.4%. Investors look ahead to the company's next earnings report scheduled for October 21, 2026.

Dividend

Philip Morris International Inc. pays an annual dividend rate of $6.40 per share, delivering a dividend yield of 3.2% with a payout ratio of 84.5%.

Insider Buying and Selling at Philip Morris International Inc.

Company insiders completed several transactions earlier in the year. On February 19, 2026, officer and director Jacek Olczak sold 80,000 shares at a price of $182.18 for a total value of $14,574,400. On the same day, officer Emmanuel Babeau sold 33,800 shares at $181.61 for $6,138,418. On February 20, 2026, officer Reginaldo Dobrowolski sold 6,000 shares valued at $1,100,880. On that same date, officer Stacey Kennedy sold 14,350 shares at $183.13 for $2,627,916.

Analysts Set New Price Targets

Wall Street analysts maintain a generally favorable view on the stock, which holds a consensus buy rating. Morgan Stanley kept an overweight rating on the stock with a $215.00 price target on July 23, 2026. Stifel maintained a buy rating and raised its target to $205.00 on the same day. Barclays kept an overweight rating with a $225.00 target on July 29, 2026. Citigroup maintained a buy rating with a $225.00 target on July 30, 2026. UBS kept a neutral rating with a $193.00 target on September 23, 2026. The stock carries a mean analyst price target of $208.80 across 15 analyst opinions.

About Philip Morris International Inc.

Philip Morris International Inc. manufactures and sells cigarettes and smoke-free goods, including heat-not-burn items, oral nicotine products, and e-vapor items under recognizable brand names like IQOS and ZYN. The company operates globally from its headquarters in Stamford, Connecticut, employing tens of thousands of workers to support its transition toward smoke-free alternatives.

Bottom Line

Institutional investors continue to adjust large positions in Philip Morris International Inc. as market conditions evolve. Shareholders should monitor the upcoming earnings report on October 21, 2026, for fresh details on revenue and smoke-free product growth. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.