1832 Asset Management L.P. Raises Holdings in Philip Morris International Inc. $PM

Key Points

• 1832 Asset Management L.P. increased its stake in Philip Morris International Inc. by 475.5% in the first quarter, acquiring over 1 million additional shares, which brought their share ownership to approximately $210 million.
• Wall Street analysts have mixed opinions on PM shares, with twelve analysts rating it a "Buy" and one rating it "Hold", while target prices range from $175 to $190.
• Philip Morris recently reported earnings of $1.91 per share, surpassing estimates, and also announced a quarterly dividend of $1.35 per share, representing a 3.1% yield.

1832 Asset Management L.P. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 475.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,325,951 shares of the company's stock after buying an additional 1,095,557 shares during the quarter. 1832 Asset Management L.P. owned about 0.09% of Philip Morris International worth $210,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Compound Planning Inc. raised its stake in shares of Philip Morris International by 28.4% in the first quarter. Compound Planning Inc. now owns 12,626 shares of the company's stock valued at $2,004,000 after buying an additional 2,796 shares during the period. Monetary Management Group Inc. raised its stake in shares of Philip Morris International by 0.9% in the first quarter. Monetary Management Group Inc. now owns 16,870 shares of the company's stock valued at $2,678,000 after buying an additional 145 shares during the period. Norinchukin Bank The raised its stake in shares of Philip Morris International by 15.6% in the first quarter. Norinchukin Bank The now owns 82,550 shares of the company's stock valued at $13,103,000 after buying an additional 11,139 shares during the period. CW Advisors LLC raised its stake in shares of Philip Morris International by 385.8% in the first quarter. CW Advisors LLC now owns 57,683 shares of the company's stock valued at $9,123,000 after buying an additional 45,808 shares during the period. Finally, Kaufman Rossin Wealth LLC bought a new stake in shares of Philip Morris International in the first quarter valued at $445,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Trading Down 2.6%

Shares of PM traded down $4.38 during midday trading on Monday, reaching $167.37. The stock had a trading volume of 4,872,117 shares, compared to its average volume of 6,021,557. The company's 50-day moving average is $173.69 and its 200 day moving average is $166.34. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market capitalization of $260.53 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48.

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 (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 firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the business earned $1.59 EPS. The company's revenue for the quarter 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. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.2%. Philip Morris International's dividend payout ratio 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.