146,283 Philip Morris International Inc. $PM Shares Sold by Perpetual Ltd

Perpetual Ltd lowered its stake in Philip Morris International Inc. (NYSE:PM) by 14.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 861,553 shares of the company’s stock after selling 146,283 shares during the period. Philip Morris International makes up 2.6% of Perpetual Ltd’s investment portfolio, making the stock its 10th biggest position. Perpetual Ltd’s holdings in Philip Morris International were worth $164,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Platt Wealth Management LLC lifted its stake in shares of Philip Morris International by 2.1% in the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after acquiring an additional 58 shares during the last quarter. Farmers National Bank grew its position in Philip Morris International by 1.1% during the 4th quarter. Farmers National Bank now owns 5,205 shares of the company’s stock worth $835,000 after acquiring an additional 59 shares during the last quarter. Sonoma Allocations LLC grew its position in Philip Morris International by 4.0% during the 4th quarter. Sonoma Allocations LLC now owns 1,627 shares of the company’s stock worth $289,000 after acquiring an additional 62 shares during the last quarter. Clearwater Capital Advisors LLC grew its position in Philip Morris International by 2.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock worth $463,000 after acquiring an additional 65 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Philip Morris International by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company’s stock worth $1,635,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several research reports. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. UBS Group upped their price objective on Philip Morris International from $182.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. Finally, Citigroup raised their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.00.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $202.00 on Tuesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The firm has a market cap of $314.83 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.60 and a beta of 0.34. The firm’s fifty day moving average is $190.05 and its 200-day moving average is $181.56.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. Philip Morris International’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 8.44 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio (DPR) is presently 91.95%.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International’s traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.