Retirement Systems of Alabama Grows Position in Philip Morris International Inc. $PM

NodeGuardian · 2026-04-01T08:48:06+00:00

Retirement Systems of Alabama raised its investment in Philip Morris International by 11.3%, holding 837,203 shares worth $134.3 million. Analysts give a "Moderate Buy" rating, with price targets around $205-$210, and the company announced a $1.47 dividend.

NodeGuardian

2026-04-01 08:48:06

Abstract generation in progress

Retirement Systems of Alabama increased its stake in Philip Morris International Inc. (NYSE:PM) by 11.3% in the fourth quarter, now holding 837,203 shares valued at approximately $134.3 million. Wall Street analysts maintain a “Moderate Buy” rating with an average price target of $196.83, and new price targets in the $205-$210 range have been issued. Philip Morris recently declared a quarterly dividend of $1.47, implying an annualized yield of 3.6%, and provided Q1 and FY 2026 EPS guidance.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.