LGT Fund Management Co Ltd. Increases Stake in Philip Morris International Inc. $PM

Key Points

• LGT Fund Management Co Ltd. has increased its stake in Philip Morris International Inc. by 31.6%, holding a total of 30,353 shares valued at approximately $5.53 million.
• In Q2, Philip Morris reported an EPS of $1.91, surpassing analysts' expectations, with a quarterly revenue of $10.14 billion, indicating a 7.1% increase year-over-year.
• The company declared a quarterly dividend of $1.47 per share, marking an increase from its previous dividend of $1.35, contributing to an annualized dividend yield of 3.8%.

LGT Fund Management Co Ltd. increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 31.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,353 shares of the company's stock after purchasing an additional 7,288 shares during the period. LGT Fund Management Co Ltd.'s holdings in Philip Morris International were worth $5,528,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock worth $22,320,878,000 after purchasing 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% in the 1st 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 in the last quarter. Nuveen LLC bought a new position in shares of Philip Morris International in the 1st quarter worth about $1,712,994,000. Goldman Sachs Group Inc. increased its stake in shares of Philip Morris International by 57.5% in the 1st 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% in 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 acquiring an additional 1,635,636 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE:PM opened at $153.09 on Friday. The firm has a market cap of $238.30 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.28 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a 50-day simple moving average of $164.82 and a two-hundred day simple moving average of $168.54.

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

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is 102.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PM shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Saturday, September 27th. Barclays decreased their price target on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $195.44.

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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