Philip Morris International Inc. $PM is Bronte Capital Management Pty Ltd.'s 7th Largest Position

Bronte Capital Management Pty Ltd. decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,176 shares of the company's stock after selling 40,922 shares during the quarter. Philip Morris International accounts for approximately 5.8% of Bronte Capital Management Pty Ltd.'s investment portfolio, making the stock its 7th largest holding. Bronte Capital Management Pty Ltd.'s holdings in Philip Morris International were worth $54,305,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PM. Resurgent Financial Advisors LLC raised its position in Philip Morris International by 3.7% during the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock worth $244,000 after buying an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in shares of Philip Morris International by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock valued at $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in shares of Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock valued at $212,000 after acquiring an additional 58 shares during the last quarter. Platt Wealth Management LLC increased its stake in shares of Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock worth $512,000 after acquiring an additional 58 shares during the period. Finally, Aristotle Capital Management LLC increased its stake in shares of Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock worth $222,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 0.0%

PM stock opened at $190.40 on Monday. The stock has a market capitalization of $296.76 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.30 and a beta of 0.38. The firm has a 50-day simple moving average of $185.23 and a 200-day simple moving average of $178.02. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company posted $1.89 EPS. Philip Morris International's quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International's payout ratio is currently 84.48%.

Analyst Ratings Changes

PM has been the subject of several recent research reports. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a "buy" rating in a report on Friday, July 24th. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.89.

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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