Philip Morris International Inc. $PM Holdings Raised by Blue Whale Capital LLP

Key Points

• Blue Whale Capital LLP increased its stake in Philip Morris International by 5.6%, making it the firm's 6th largest position with approximately 6.2% of its holdings valued at $76.14 million.
• Several major institutional investors also boosted their holdings, with Vanguard Group Inc. owning the most at $22.32 billion, while Goldman Sachs Group Inc. increased its stake by 57.5% during the same period.
• Philip Morris announced a quarterly dividend of $1.35 per share, reflecting a 3.1% yield, despite a high dividend payout ratio of 102.66%.

Blue Whale Capital LLP lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 479,695 shares of the company's stock after buying an additional 25,540 shares during the quarter. Philip Morris International comprises 6.2% of Blue Whale Capital LLP's portfolio, making the stock its 6th biggest holding. Blue Whale Capital LLP's holdings in Philip Morris International were worth $76,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Linscomb Wealth Inc. grew its position in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after purchasing an additional 2,669 shares in the last quarter. Mackenzie Financial Corp lifted its position in Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after buying an additional 242,799 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in shares of Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO lifted its holdings in shares of Philip Morris International by 704.0% in the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after acquiring an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after acquiring an additional 87,631 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Finally, Citigroup reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Trading Down 1.6%

PM stock traded down $2.82 during midday trading on Friday, hitting $171.67. 4,760,485 shares of the company's stock were exchanged, compared to its average volume of 5,615,668. The business has a 50-day simple moving average of $173.69 and a two-hundred day simple moving average of $166.34. The stock has a market capitalization of $267.22 billion, a PE ratio of 32.64, a P/E/G ratio of 2.50 and a beta of 0.48. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The firm's quarterly revenue 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. As a group, research analysts expect 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 paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.1%. 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.