Ninety One North America Inc. Boosts Stake in Philip Morris International Inc. $PM

Ninety One North America Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,502 shares of the company’s stock after purchasing an additional 82,290 shares during the quarter. Philip Morris International accounts for 6.2% of Ninety One North America Inc.’s portfolio, making the stock its 3rd largest holding. Ninety One North America Inc.’s holdings in Philip Morris International were worth $126,308,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. PFS Partners LLC lifted its position in Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after buying an additional 58 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after acquiring an additional 60 shares during the last quarter. TBH Global Asset Management LLC raised its stake in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after acquiring an additional 61 shares during the last quarter. Uncommon Cents Investing LLC raised its stake in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after acquiring an additional 61 shares during the last quarter. Finally, NFP Retirement Inc. raised its stake in shares of Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after acquiring an additional 62 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.5%

Philip Morris International stock opened at $162.16 on Wednesday. The firm has a market capitalization of $252.42 billion, a P/E ratio of 30.83, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The business has a 50-day moving average of $165.11 and a 200-day moving average of $168.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s payout ratio is presently 102.66%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.