Philip Morris International Inc. $PM Holdings Cut by Bronte Capital Management Pty Ltd.

Key Points

• Bronte Capital trimmed its stake in Philip Morris International (PM) by 4.6% in Q4, selling 19,094 shares and leaving 398,556 shares worth $63.93M (PM is ~6.9% of Bronte's holdings and its sixth-largest position).
• PMI beat expectations in the most recent quarter with $1.96 EPS vs. $1.83 consensus and $10.15B revenue (up 9.1% y/y), and issued FY2026 guidance of $8.360–$8.510 per share (analysts forecast ~8.45 EPS).
• Senior insiders sold material stock — CEO Jacek Olczak sold 80,000 shares (~$14.57M) and CFO Emmanuel Babeau sold 33,800 shares (~$6.14M), each reducing their holdings by double-digit percentages.

Bronte Capital Management Pty Ltd. decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,556 shares of the company's stock after selling 19,094 shares during the period. Philip Morris International comprises approximately 6.9% of Bronte Capital Management Pty Ltd.'s holdings, making the stock its 6th biggest holding. Bronte Capital Management Pty Ltd.'s holdings in Philip Morris International were worth $63,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC grew its holdings in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company's stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International during the 4th quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new position in Philip Morris International during the 3rd quarter worth $32,000. Finally, McIlrath & Eck LLC acquired a new position in Philip Morris International during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE PM opened at $169.42 on Wednesday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $191.30. The company has a 50-day simple moving average of $167.34 and a 200-day simple moving average of $164.27. The firm has a market capitalization of $264.06 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.95 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same period in the previous year, the business posted $1.69 EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.5%. Philip Morris International's payout ratio is 82.70%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PM. Citigroup raised their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Stifel Nicolaus decreased their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a "buy" rating for the company in a report on Friday, April 10th. 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, April 17th. Needham & Company LLC reissued a "buy" rating and set a $200.00 price objective on shares of Philip Morris International in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.56.

Insider Activity

In other news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were 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 of the company's stock, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares of the company's stock, valued at $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.

Philip Morris International Company 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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