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

Bronte Capital Management Pty Ltd. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 341,098 shares of the company’s stock after selling 57,458 shares during the quarter. Philip Morris International comprises about 6.0% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 6th largest holding. Bronte Capital Management Pty Ltd.’s holdings in Philip Morris International were worth $56,397,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PM. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the 4th quarter worth $26,000. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. raised its holdings 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 acquiring an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $29,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $182.52 on Friday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The company has a market cap of $284.47 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.07 and a beta of 0.38. The firm has a 50 day simple moving average of $178.56 and a 200 day simple moving average of $172.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. 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, analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a dividend of $1.47 per share. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. UBS Group increased their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. 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.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $194.62.

Philip Morris International 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.