Baird Financial Group Inc. Acquires 2,055 Shares of Philip Morris International Inc. $PM

Key Points

• Baird Financial Group Inc. increased its stake in Philip Morris International by 0.8%, acquiring an additional 2,055 shares, bringing their total holdings to 265,830 shares valued at approximately $42.2 million.
• Philip Morris International reported earnings of $1.91 EPS for the last quarter, exceeding estimates of $1.86, alongside a 7.1% year-over-year revenue growth totaling $10.14 billion.
• The company recently paid a quarterly dividend of $1.35 per share, yielding around 3.2% annually, despite a payout ratio of over 102%.

Baird Financial Group Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,830 shares of the company's stock after purchasing an additional 2,055 shares during the quarter. Baird Financial Group Inc.'s holdings in Philip Morris International were worth $42,196,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have commented on PM. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America increased their price target 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. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Stock Performance

Philip Morris International stock traded down $2.08 during mid-day trading on Thursday, reaching $161.14. The stock had a trading volume of 6,140,486 shares, compared to its average volume of 6,023,946. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock's 50-day simple moving average is $171.00 and its 200-day simple moving average is $167.08. The firm has a market capitalization of $250.83 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 2.43 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.4%. Philip Morris International's payout ratio is presently 102.66%.

Philip Morris International 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.