Ninety One UK Ltd Reduces Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Ninety One UK Ltd trimmed its stake in Philip Morris by 0.6%, selling 40,950 shares and now holds 7,151,439 shares (about $1.147 billion), making PM its 8th largest position and 2.5% of the fund's holdings.
• Insider sales: CFO Emmanuel Babeau sold 33,800 shares (~$6.14M) and CEO Jacek Olczak sold 80,000 shares (~$14.57M), reducing their individual holdings by 17.05% and 11.23%, respectively.
• Outlook and catalysts: The FDA reauthorized IQOS as a modified‑risk tobacco product—supporting PMI's smoke‑free strategy—and analysts remain broadly constructive (consensus "Moderate Buy", average target $192.56) despite several recent target cuts.

Ninety One UK Ltd reduced its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,151,439 shares of the company's stock after selling 40,950 shares during the quarter. Philip Morris International accounts for 2.5% of Ninety One UK Ltd's holdings, making the stock its 8th biggest position. Ninety One UK Ltd owned about 0.46% of Philip Morris International worth $1,147,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its position in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares in the last quarter. Sivia Capital Partners LLC grew its position in Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after acquiring an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth $2,454,000. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after buying an additional 342 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Philip Morris International from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Friday. Needham & Company LLC cut their target price on shares of Philip Morris International from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, April 13th. Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Friday, April 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group cut shares of Philip Morris International from a "buy" rating to a "hold" rating and cut their target price for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $192.56.

Philip Morris International Price Performance

NYSE:PM opened at $157.90 on Friday. The stock has a market cap of $246.09 billion, a P/E ratio of 21.72, a PEG ratio of 1.87 and a beta of 0.43. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30. The company has a fifty day moving average price of $171.64 and a 200 day moving average price of $163.78.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm had revenue of $10.36 billion during the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the prior year, the company earned $1.55 EPS. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were paid a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International's dividend payout ratio is currently 80.88%.

Key Headlines Impacting Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: FDA renews MRTP authorization for IQOS, allowing PMI to continue communicating reduced-exposure claims to adult smokers in the U.S.; this preserves a competitive advantage in heat-not-burn products and supports the company’s smoke-free growth narrative. BusinessWire Article Financial Post Article
• Positive Sentiment: Analyst/commentary notes potential for Q1 EPS upside and short-term positive earnings reaction — investors may be positioning ahead of/after Q1 results for a possible beat-driven move. Seeking Alpha Article
• Positive Sentiment: Brokerage consensus remains constructive (consensus "Moderate Buy"), supporting demand for the shares among institutional holders. AmericanBankingNews Article
• Neutral Sentiment: Street previews and model-tracker pieces flag Q1 results and key operating metrics to watch (volume/mix, pricing, smoke-free sales) — these items are driving near-term focus but not a clear directional surprise consensus. Yahoo Finance Article Zacks Article
• Neutral Sentiment: New commercial tie-up with Ferrari Hypersail is a branding/partnership play — positive for marketing but unlikely to move fundamentals materially in the near term. Yahoo Finance Partnership Article
• Negative Sentiment: UBS flags that FY2026 sales growth could be under pressure, which is a reminder of potential top-line/headwind risks even as margins/pricing stabilize — a risk for forward guidance and multiple expansion. Yahoo/UBS Article

Insiders Place Their Bets

In other news, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares of the company's stock, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company's stock.

About Philip Morris International

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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