AQR Capital Management LLC Increases Stake in Philip Morris International Inc. $PM

Key Points

• AQR Capital Management LLC increased its stake in Philip Morris International Inc. by 111.1%, owning 3,002,216 shares valued at approximately $473.66 million.
• During the first quarter, significant increases in stakes were also seen from Vanguard Group Inc. and Goldman Sachs Group Inc., highlighting strong interest from institutional investors in Philip Morris.
• Philip Morris International reported quarterly earnings of $1.91 per share, exceeding expectations, despite a year-over-year revenue increase of 7.1% to $10.14 billion.

AQR Capital Management LLC boosted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 111.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,002,216 shares of the company's stock after purchasing an additional 1,580,368 shares during the period. Philip Morris International comprises 0.5% of AQR Capital Management LLC's investment portfolio, making the stock its 28th largest position. AQR Capital Management LLC owned 0.19% of Philip Morris International worth $473,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PM. Vanguard Group Inc. increased its stake in shares of Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after buying an additional 1,189,283 shares during the period. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after buying an additional 4,563,632 shares during the period. Nuveen LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $1,712,994,000. Goldman Sachs Group Inc. increased its stake in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after buying an additional 3,575,158 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after buying an additional 1,635,636 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.1%

NYSE PM opened at $167.36 on Wednesday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a market capitalization of $260.52 billion, a PE ratio of 31.82, a P/E/G ratio of 2.43 and a beta of 0.49. The stock's 50 day moving average is $171.33 and its 200 day moving average is $167.11.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 102.66%.

Analyst Ratings Changes

Several research firms have recently issued reports on PM. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Bank of America boosted their target price 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. UBS Group boosted their target price on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.

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