Philip Morris International Inc. $PM Shares Purchased by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its holdings in Philip Morris International by 62.6%, purchasing an additional 2,669 shares, bringing its total to 6,935 shares valued at approximately $1,101,000.
• Philip Morris International announced a quarterly dividend of $1.35 per share, yielding approximately 3.2%, with a payout ratio of 102.66%.
• The company's earnings per share for the most recent quarter was reported at $1.91, exceeding analyst estimates by $0.05, while revenue reached $10.14 billion, below expectations of $10.33 billion.

Driehaus Capital Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 62.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,935 shares of the company's stock after purchasing an additional 2,669 shares during the quarter. Driehaus Capital Management LLC's holdings in Philip Morris International were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Philip Morris International by 0.9% in 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 in the last quarter. Wellington Management Group LLP boosted its holdings in Philip Morris International by 26.4% in 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 in the last quarter. Nuveen LLC acquired a new stake in Philip Morris International in the first quarter worth about $1,712,994,000. Goldman Sachs Group Inc. boosted its holdings in Philip Morris International by 57.5% in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Philip Morris International by 22.2% in the first 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. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 0.3%

PM traded up $0.46 during trading on Friday, hitting $161.61. The company's stock had a trading volume of 4,056,667 shares, compared to its average volume of 4,938,799. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The business's fifty day simple moving average is $170.22 and its 200 day simple moving average is $167.24. The firm has a market capitalization of $251.57 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.34 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS 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 last year, the company earned $1.59 earnings per share. Philip Morris International'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, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed 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 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Barclays reduced their price objective 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, Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $184.91.

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.