Philip Morris International Inc. $PM Position Lowered by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. reduced its stake in Philip Morris International by 27.6%, selling 584,675 shares to now hold 1,534,546 shares, representing about 4.3% of its portfolio.
• Institutional investors own 78.63% of Philip Morris International, with notable purchases from Nuveen LLC and Goldman Sachs Group Inc. during the first quarter.
• Philip Morris International recently reported $1.91 EPS, beating expectations, and provided a Q3 2025 EPS guidance of 2.080-2.130.

Maverick Capital Ltd. reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,534,546 shares of the company's stock after selling 584,675 shares during the quarter. Philip Morris International accounts for 4.3% of Maverick Capital Ltd.'s investment portfolio, making the stock its 3rd biggest holding. Maverick Capital Ltd. owned about 0.10% of Philip Morris International worth $243,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Philip Morris International by 88.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 30,864 shares of the company's stock worth $3,740,000 after purchasing an additional 14,490 shares in the last quarter. Alteri Wealth LLC purchased a new stake in Philip Morris International during the fourth quarter worth $212,000. Finally, Ameriprise Financial Inc. boosted its position in Philip Morris International by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 4,842,502 shares of the company's stock worth $577,610,000 after purchasing an additional 18,753 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on PM shares. UBS Group decreased their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays reduced their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Stock Performance

NYSE PM traded up $0.46 during trading hours on Friday, hitting $161.61. 4,056,667 shares of the company's stock were exchanged, compared to its average volume of 4,938,799. The business's 50 day moving average is $170.22 and its 200-day moving average is $167.24. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market capitalization of $251.57 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.3%. Philip Morris International's dividend payout ratio is 102.66%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.