Bronte Capital Management Pty Ltd. Sells 57,458 Shares of Philip Morris International Inc. $PM

Bronte Capital Management Pty Ltd. lessened its stake in Philip Morris International Inc. (NYSE:PM) by 14.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 341,098 shares of the company’s stock after selling 57,458 shares during the period. Philip Morris International comprises about 6.0% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 6th largest position. Bronte Capital Management Pty Ltd.’s holdings in Philip Morris International were worth $56,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PM. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. increased its position in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International during the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PM. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus reduced their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Morgan Stanley boosted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.62.

Philip Morris International Stock Up 2.7%

Shares of Philip Morris International stock opened at $182.52 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The business has a 50 day moving average price of $178.56 and a 200-day moving average price of $172.60. The company has a market cap of $284.47 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Philip Morris International’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. As a group, research analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is currently 82.70%.

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.