Ninety One UK Ltd Has $1.36 Billion Stake in Philip Morris International Inc. $PM

Key Points

• Ninety One UK Ltd reduced its stake in Philip Morris International Inc. by 16.7%, decreasing its holdings to approximately $1.36 billion, which represents about 3.2% of the firm's portfolio.
• Several institutional investors have increased their positions in Philip Morris International, with Wellington Management Group and Goldman Sachs Group upping their stakes significantly during the first quarter of the year.
• Philip Morris recently declared a quarterly dividend of $1.47 per share, a rise from the previous $1.35, and has set a positive annual dividend yield of 3.6%.

Ninety One UK Ltd cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,486,288 shares of the company's stock after selling 1,497,003 shares during the period. Philip Morris International comprises about 3.2% of Ninety One UK Ltd's portfolio, making the stock its 6th largest position. Ninety One UK Ltd owned approximately 0.48% of Philip Morris International worth $1,363,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Philip Morris International in the first quarter valued at about $1,712,994,000. Wellington Management Group LLP grew its position in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Philip Morris International by 111.1% during the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company's stock worth $473,660,000 after buying an additional 1,580,368 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PM shares. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group lowered their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $162.16 on Wednesday. The company's 50-day moving average price is $165.11 and its two-hundred day moving average price is $168.58. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The stock has a market capitalization of $252.42 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. Philip Morris International's payout ratio is presently 102.66%.

About Philip Morris International

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.

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