Erste Asset Management GmbH Buys 380,795 Shares of Philip Morris International Inc. $PM

Key Points

• Erste Asset Management GmbH significantly increased its stake in Philip Morris International by 4,290.6%, owning 389,670 shares valued at approximately $61.85 million.
• Philip Morris International recently reported earnings of $1.91 per share, exceeding analysts' expectations of $1.86, and had a revenue of $10.14 billion for the quarter.
• The company declared a quarterly dividend of $1.35 per share, representing a yield of 3.2% and a payout ratio of 102.66%.

Erste Asset Management GmbH lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4,290.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,670 shares of the company's stock after acquiring an additional 380,795 shares during the quarter. Erste Asset Management GmbH's holdings in Philip Morris International were worth $61,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 worth $22,320,878,000 after acquiring an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP raised its position 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 worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Northern Trust Corp raised its position in shares of Philip Morris International by 11.0% during the fourth quarter. Northern Trust Corp now owns 13,630,177 shares of the company's stock worth $1,640,392,000 after acquiring an additional 1,347,503 shares during the last quarter. Nuveen LLC bought a new stake in shares of Philip Morris International during the first quarter worth $1,712,994,000. Finally, Goldman Sachs Group Inc. raised its position 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 worth $1,554,686,000 after acquiring an additional 3,575,158 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 1.6%

Shares of PM stock traded down $2.82 on Friday, hitting $171.67. 4,760,485 shares of the stock were exchanged, compared to its average volume of 5,604,845. The firm has a market capitalization of $267.22 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. The business has a 50-day moving average of $173.69 and a 200 day moving average of $165.95. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

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

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Stifel Nicolaus boosted their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. 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, the stock has a consensus rating of "Moderate Buy" and an average 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.