Fundsmith 13F: Cuts PM Stake by $184M

Fundsmith Trims Stake in Philip Morris International Inc. NYSE:PM

Fundsmith reduced its holdings in Philip Morris International Inc. NYSE:PM during the period, according to its latest Form 13F filing with the SEC. The fund sold 1,011,434 shares, marking a 16.5% decrease from its previous ownership level. The filing reflects holdings as of the reporting period and may not represent the investor's current position.

Position Details and Share Count

Prior to the adjustment, Fundsmith held 6,124,597 shares of Philip Morris International Inc. After cutting 1,011,434 shares, the fund's ending position stands at 5,113,163 shares. Based on the reporting period values, the remaining stake is valued at approximately $932.0 million.

Philip Morris International Inc. Stock Performance

Philip Morris International Inc. shares trade around $182.28. The stock has experienced a 52-week trading range between $142.11 and $207.76. It currently trades above its 200-day moving average of $176.11 while sitting just below its 50-day moving average of $189.36. The company features a P/E ratio of 25.8 and a forward P/E ratio of 20.4.

Recent Analyst Updates for Philip Morris International Inc.

Analyst activity remains active around Philip Morris International Inc. with several major firms updating their price targets. On September 23, 2026, UBS maintained its Neutral rating while raising its price target to $193.00 from $182.00. Earlier on July 30, 2026, Citigroup maintained a Buy rating and lifted its target to $225.00 from $210.00. Barclays also maintained an Overweight rating on July 29, 2026, increasing its target to $225.00 from $205.00. Morgan Stanley kept an Overweight rating on July 23, 2026, raising its target to $215.00 from $200.00. Stifel maintained a Buy rating on July 23, 2026, with a target of $205.00, while Needham maintained a Buy rating on the same day with a target of $215.00. Overall, the stock carries a consensus buy recommendation with a mean price target of $207.40 across 15 analyst opinions.

What Philip Morris International Inc. Does

Philip Morris International Inc. operates as a tobacco and nicotine products company. Headquartered in Stamford, Connecticut, the company provides traditional cigarettes alongside smoke-free alternatives such as heat-not-burn devices, e-vapor options, and oral nicotine goods under well-known brands like IQOS, VEEV, and ZYN. It also offers consumer accessories and wellness products.

Looking Ahead for Philip Morris International Inc.

Investors monitoring Fundsmith and Philip Morris International Inc. will look toward upcoming regulatory filings and corporate updates. The company is scheduled to report its next round of earnings on October 21, 2026. As 13F filings are historical snapshots of past quarters, future reports will show whether major institutional managers continue adjusting their tobacco sector allocations.