Philip Morris International Inc. $PM Position Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its position in Philip Morris International by 4.6%, owning 245,596 shares valued at approximately $44.73 million.
• Philip Morris International's recent quarterly earnings exceeded analyst estimates, reporting $1.91 EPS against a consensus of $1.86, while revenue reached $10.14 billion.
• The company announced a quarterly dividend increase to $1.47, up from $1.35, reflecting a dividend yield of 3.8% and a payout ratio of 102.66%.

QRG Capital Management Inc. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,596 shares of the company's stock after purchasing an additional 10,716 shares during the quarter. QRG Capital Management Inc.'s holdings in Philip Morris International were worth $44,730,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Segment Wealth Management LLC raised its stake in shares of Philip Morris International by 4.3% during the 2nd quarter. Segment Wealth Management LLC now owns 2,907 shares of the company's stock worth $529,000 after purchasing an additional 119 shares in the last quarter. Financial Council LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $207,000. Fortis Capital Advisors LLC increased its holdings in Philip Morris International by 8.0% in the second quarter. Fortis Capital Advisors LLC now owns 2,540 shares of the company's stock worth $463,000 after buying an additional 189 shares during the last quarter. Precedent Wealth Partners LLC acquired a new position in Philip Morris International in the second quarter worth approximately $250,000. Finally, Ascent Group LLC raised its position in Philip Morris International by 6.9% during the second quarter. Ascent Group LLC now owns 79,754 shares of the company's stock valued at $14,526,000 after acquiring an additional 5,128 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on PM. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. KGI Securities began coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Saturday, September 27th. Citigroup restated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. upped their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.44.

Philip Morris International Price Performance

Philip Morris International stock opened at $153.09 on Friday. 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 fifty day moving average price of $164.82 and a two-hundred day moving average price of $168.54. The firm has a market cap of $238.30 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 2.28 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a $1.47 dividend. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

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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