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Philip Morris Announces New Corporate Structure

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Philip Morris Announces New Corporate Structure

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Philip Morris ( (PM) ) has shared an update.

Philip Morris International announced a new corporate organizational model effective January 1, 2026, aimed at enhancing agility and supporting its transition to a smoke-free company. The new structure includes the creation of two primary business units, PMI International and PMI U.S., and a wellness unit named Aspeya. The company has appointed Frederic de Wilde as CEO of PMI International, with Stacey Kennedy continuing as CEO of PMI U.S. The restructuring will replace the current four geographic segments with three new reportable segments: International Smoke-Free, International Combustibles, and U.S. This move is expected to maximize growth and align the company’s operations with its smoke-free ambitions.

The most recent analyst rating on (PM) stock is a Hold with a $162.00 price target. To see the full list of analyst forecasts on Philip Morris stock, see the PM Stock Forecast page.

Spark’s Take on PM Stock

According to Spark, TipRanks’ AI Analyst, PM is a Neutral.

Philip Morris’s overall score is driven by strong earnings performance and strategic growth in the smoke-free segment, despite high leverage and valuation concerns. The technical indicators suggest caution, but the positive earnings outlook and dividend yield provide a balanced investment case.

To see Spark’s full report on PM stock, click here.

More about Philip Morris

Philip Morris International is a leading international consumer goods company focused on delivering a smoke-free future. Its product portfolio includes cigarettes and smoke-free products such as heat-not-burn, nicotine pouch, and e-vapor products. The company has a significant presence in 100 markets worldwide, with smoke-free products accounting for 41% of its net revenues in the first nine months of 2025. Philip Morris has invested over $14 billion since 2008 to develop and commercialize innovative smoke-free products, with a long-term ambition to expand into wellness and healthcare.

Average Trading Volume: 6,292,056

Technical Sentiment Signal: Buy

Current Market Cap: $225.1B

See more insights into PM stock on TipRanks’ Stock Analysis page.

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