Perpetual Ltd Increases Stake in Philip Morris International Inc. $PM

Key Points

• Perpetual Ltd raised its position by 2.2% in Philip Morris in Q4 to 1,445,252 shares — making PM its fourth-largest holding (~3.4% of Perpetual’s portfolio) valued at about $231.8M.
• Philip Morris reported Q4 EPS of $1.70 (in line with estimates) and revenue of $10.36B (up 6.8% YoY), set Q1 2026 guidance of 1.800–1.850 EPS and FY 2026 guidance of 8.380–8.530 EPS, and declared a quarterly dividend of $1.47 (annualized $5.88, ~3.7% yield).
• Insiders sold significant stock on Feb 19 (CFO sold 33,800 shares; CEO sold 80,000 shares), while analysts maintain a consensus "Moderate Buy" with an average target price of about $196.83.

Perpetual Ltd raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,445,252 shares of the company's stock after purchasing an additional 31,184 shares during the quarter. Philip Morris International makes up approximately 3.4% of Perpetual Ltd's investment portfolio, making the stock its 4th largest holding. Perpetual Ltd owned approximately 0.09% of Philip Morris International worth $231,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Second Line Capital LLC raised its stake in Philip Morris International by 4.8% during the 2nd quarter. Second Line Capital LLC now owns 1,338 shares of the company's stock worth $245,000 after buying an additional 61 shares during the period. Nia Impact Advisors LLC increased its holdings in shares of Philip Morris International by 4.2% during the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company's stock valued at $287,000 after acquiring an additional 63 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Philip Morris International by 3.7% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,811 shares of the company's stock worth $330,000 after purchasing an additional 64 shares during the period. ARS Wealth Advisors Group LLC lifted its holdings in shares of Philip Morris International by 2.5% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,644 shares of the company's stock worth $424,000 after purchasing an additional 64 shares in the last quarter. Finally, Oxford Asset Management LLP increased its stake in Philip Morris International by 3.2% during the 2nd quarter. Oxford Asset Management LLP now owns 2,144 shares of the company's stock valued at $390,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of PM stock opened at $157.71 on Friday. The firm has a 50-day moving average of $175.61 and a 200-day moving average of $164.07. The company has a market cap of $245.79 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.80 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.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting analysts' consensus estimates of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period last year, the firm earned $1.55 earnings per share. The firm's revenue was up 6.8% on a year-over-year basis. 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, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International's dividend payout ratio (DPR) is currently 80.88%.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Barclays reiterated an "overweight" rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Needham & Company LLC lifted their price target on Philip Morris International from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Finally, Morgan Stanley reissued an "overweight" rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.83.

Insider Buying and Selling

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

Philip Morris International 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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