GQG Partners LLC Buys Shares of 45,436,985 Philip Morris International Inc. $PM

GQG Partners LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,436,985 shares of the company’s stock, valued at approximately $8,220,008,000. Philip Morris International accounts for 15.3% of GQG Partners LLC’s investment portfolio, making the stock its biggest position.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after buying an additional 2,755,662 shares during the period. Global Retirement Partners LLC increased its stake in shares of Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after acquiring an additional 19,309 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after acquiring an additional 7,600 shares during the period. Addison Capital Co raised its position in shares of Philip Morris International by 32.5% in the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after acquiring an additional 7,793 shares during the period. Finally, Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $188.14 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market capitalization of $293.24 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The business’s 50-day simple moving average is $186.03 and its 200-day simple moving average is $178.36.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the firm earned $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, research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PM shares. Needham & Company LLC boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus increased their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

About Philip Morris International

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.