Perpetual Ltd Has $195.99 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Perpetual Ltd reduced its holdings in Philip Morris International by 16% during the second quarter, selling 204,926 shares and now owning approximately 1,076,079 shares.
• Philip Morris International's latest earnings report showed earnings of $1.91 per share, exceeding estimates, although its revenue of $10.14 billion fell short of expectations of $10.33 billion.
• Analysts have mixed ratings on Philip Morris, with some increasing their price targets while others have downgraded the stock from a "buy" to a "hold," leaving it with a consensus rating of "Moderate Buy."

Perpetual Ltd cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,076,079 shares of the company's stock after selling 204,926 shares during the quarter. Philip Morris International comprises about 2.3% of Perpetual Ltd's holdings, making the stock its 9th largest position. Perpetual Ltd owned about 0.07% of Philip Morris International worth $195,986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Kapstone Financial Advisors LLC raised its stake in shares of Philip Morris International by 4.8% in the second quarter. Kapstone Financial Advisors LLC now owns 8,009 shares of the company's stock valued at $1,459,000 after buying an additional 369 shares during the period. TCV Trust & Wealth Management Inc. raised its stake in shares of Philip Morris International by 106.3% in the second quarter. TCV Trust & Wealth Management Inc. now owns 60,300 shares of the company's stock valued at $10,982,000 after buying an additional 31,073 shares during the period. Grove Bank & Trust raised its stake in shares of Philip Morris International by 2.2% in the second quarter. Grove Bank & Trust now owns 8,963 shares of the company's stock valued at $1,632,000 after buying an additional 196 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Philip Morris International during the 2nd quarter valued at $205,000. Finally, Clare Market Investments LLC raised its stake in shares of Philip Morris International by 16.1% during the 2nd quarter. Clare Market Investments LLC now owns 7,484 shares of the company's stock valued at $1,363,000 after purchasing an additional 1,039 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PM shares. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Finally, Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Up 0.7%

Shares of PM traded up $1.08 during midday trading on Friday, reaching $162.84. The stock had a trading volume of 10,479,787 shares, compared to its average volume of 5,246,326. The company's 50-day moving average is $167.26 and its 200 day moving average is $168.01. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market capitalization of $253.48 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the business earned $1.59 EPS. The company'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. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio (DPR) is currently 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.