Jupiter Asset Management Ltd. Lowers Stock Position in Philip Morris International Inc. $PM

Key Points

• Jupiter Asset Management cut its stake in Philip Morris International by 58.9% in the fourth quarter, selling 286,806 shares and leaving it with 199,848 shares valued at about $32.1 million.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 78.63% of the company; several peers increased their positions during the same period.
• Analyst sentiment is still mostly positive: 10 analysts rate PM a Buy and 2 a Hold, with a consensus price target of $192.56, while the stock recently traded at $178.64 and also supports a 3.3% dividend yield.

Jupiter Asset Management Ltd. lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 58.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,848 shares of the company's stock after selling 286,806 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Philip Morris International were worth $32,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in shares of Philip Morris International by 41.9% in the 4th quarter. Intech Investment Management LLC now owns 239,250 shares of the company's stock worth $38,376,000 after purchasing an additional 70,628 shares during the last quarter. CFS Investment Advisory Services LLC raised its position in shares of Philip Morris International by 54.1% in the 4th quarter. CFS Investment Advisory Services LLC now owns 3,691 shares of the company's stock worth $592,000 after purchasing an additional 1,296 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Philip Morris International by 152.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 120,601 shares of the company's stock worth $19,344,000 after purchasing an additional 72,833 shares during the last quarter. IFG Advisory LLC raised its position in shares of Philip Morris International by 2.5% in the 4th quarter. IFG Advisory LLC now owns 34,835 shares of the company's stock worth $5,588,000 after purchasing an additional 848 shares during the last quarter. Finally, Connecticut Capital Management Group LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth about $220,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PM. Barclays reaffirmed an "overweight" rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. UBS Group lowered their price target on Philip Morris International from $181.50 to $168.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.56.

Philip Morris International Stock Performance

Philip Morris International stock opened at $178.64 on Friday. The stock has a market cap of $278.42 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.09 and a beta of 0.37. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The stock has a fifty day moving average of $169.46 and a 200 day moving average of $168.16.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 8.45 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's dividend payout ratio is currently 82.70%.

Philip Morris International Company Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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