BBR Partners LLC Decreases Position in Philip Morris International Inc. $PM

BBR Partners LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,675 shares of the company’s stock after selling 4,017 shares during the quarter. Philip Morris International comprises 1.3% of BBR Partners LLC’s portfolio, making the stock its 12th largest position. BBR Partners LLC’s holdings in Philip Morris International were worth $22,493,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PM. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 1.6% during the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Philip Morris International by 69.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after purchasing an additional 1,842,754 shares during the period. Prudential Financial Inc. grew its holdings in Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after purchasing an additional 1,006,014 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Philip Morris International by 142.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after buying an additional 888,148 shares during the period. Finally, State Street Corp increased its stake in Philip Morris International by 1.6% during the 2nd quarter. State Street Corp now owns 55,831,655 shares of the company’s stock worth $10,243,429,000 after buying an additional 871,165 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 1.8%

Shares of PM opened at $184.20 on Wednesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $190.98. The firm has a market cap of $286.74 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.14 and a beta of 0.39. The stock has a 50 day moving average of $168.80 and a 200-day moving average of $162.66.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period last year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 80.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PM shares. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and reduced their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. UBS Group reaffirmed a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.06.

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.