Contrarius Group Holdings Ltd Acquires 12,367 Shares of Philip Morris International Inc. $PM

Contrarius Group Holdings Ltd increased its holdings in Philip Morris International Inc. (NYSE:PM) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,395 shares of the company’s stock after acquiring an additional 12,367 shares during the quarter. Contrarius Group Holdings Ltd’s holdings in Philip Morris International were worth $8,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of Philip Morris International by 0.3% in the 4th quarter. LPL Financial LLC now owns 2,618,016 shares of the company’s stock worth $419,930,000 after acquiring an additional 8,655 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Philip Morris International by 6.2% in the 4th quarter. Franklin Resources Inc. now owns 14,401,706 shares of the company’s stock worth $2,310,034,000 after purchasing an additional 842,635 shares in the last quarter. Doheny Asset Management CA boosted its position in shares of Philip Morris International by 5.7% in the 4th quarter. Doheny Asset Management CA now owns 23,469 shares of the company’s stock worth $3,764,000 after purchasing an additional 1,272 shares in the last quarter. Erste Asset Management GmbH boosted its position in shares of Philip Morris International by 2.7% in the 4th quarter. Erste Asset Management GmbH now owns 398,238 shares of the company’s stock worth $63,890,000 after purchasing an additional 10,501 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Philip Morris International by 22.6% in the 4th quarter. Manchester Capital Management LLC now owns 4,721 shares of the company’s stock worth $757,000 after purchasing an additional 871 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.2%

Shares of PM opened at $178.66 on Monday. The company has a market capitalization of $278.45 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38. The firm has a 50 day moving average of $170.84 and a 200 day moving average of $169.02. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 earnings per share. 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. On average, sell-side analysts expect that Philip Morris International Inc. will post 8.4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Morgan Stanley boosted their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays reissued an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. UBS Group dropped their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, Citigroup increased their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.88.

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.