Fundsmith LLP Cuts Stock Position in Philip Morris International Inc. $PM

Fundsmith LLP cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 43.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,913,693 shares of the company’s stock after selling 2,199,470 shares during the period. Philip Morris International comprises about 3.9% of Fundsmith LLP’s holdings, making the stock its 17th biggest holding. Fundsmith LLP owned 0.19% of Philip Morris International worth $527,116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $1,013,000. Sigma Planning Corp raised its position in shares of Philip Morris International by 1.9% during the 2nd quarter. Sigma Planning Corp now owns 17,482 shares of the company’s stock worth $3,165,000 after purchasing an additional 328 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Philip Morris International in the 2nd quarter valued at about $1,142,000. Benjamin Edwards Inc. boosted its holdings in Philip Morris International by 66.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 205,344 shares of the company’s stock worth $37,152,000 after buying an additional 82,013 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Philip Morris International by 11.1% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,248,345 shares of the company’s stock worth $225,838,000 after buying an additional 124,712 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on PM. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. 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 research report on Thursday, July 23rd. Citigroup increased their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Trading Up 0.1%

Philip Morris International stock opened at $192.02 on Monday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The stock has a market cap of $299.28 billion, a P/E ratio of 27.59, a PEG ratio of 2.32 and a beta of 0.38. The company has a 50-day moving average price of $187.21 and a 200 day moving average price of $178.77.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

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

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.