Robeco Institutional Asset Management B.V. Increases Holdings in Philip Morris International Inc. $PM

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Philip Morris International Inc. by 44.7%, now holding 388,372 shares valued at approximately $70.73 million.
• Philip Morris International recently declared a quarterly dividend increase to $1.47 per share, raising its annualized dividend to $5.88, with a dividend yield of 3.7%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Philip Morris stock, with an average price target of $195.44.

Robeco Institutional Asset Management B.V. lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 44.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,372 shares of the company's stock after buying an additional 119,956 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Philip Morris International were worth $70,734,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Linscomb Wealth Inc. raised its holdings in shares of Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after buying an additional 2,669 shares in the last quarter. Mackenzie Financial Corp grew its position in Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after acquiring an additional 242,799 shares during the last quarter. 49 Wealth Management LLC grew its position in Philip Morris International by 79.0% during 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 grew its position in Philip Morris International by 704.0% during 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 grew its position in Philip Morris International by 24.9% during 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. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM stock opened at $157.71 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 market cap of $245.48 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.33 and a beta of 0.46. The business's 50 day moving average price is $164.97 and its 200-day moving average price is $168.55.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 in the previous year, the company posted $1.59 earnings per share. The firm's revenue 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, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be given a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, October 3rd. Philip Morris International's dividend payout ratio is presently 102.66%.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. UBS Group reduced their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $195.44.

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.