Steamboat Capital Partners LLC Acquires 38,005 Shares of Philip Morris International Inc. $PM

Key Points

• Steamboat Capital Partners LLC increased its stake in Philip Morris International Inc. by 381.5%, owning 47,966 shares valued at approximately $7.6 million.
• Other investors, including Nuveen LLC and Goldman Sachs Group Inc., also significantly increased their positions in Philip Morris during the same quarter, indicating growing institutional interest.
• Philip Morris recently announced a quarterly dividend of $1.35 per share, representing a dividend yield of 3.2%, although the payout ratio is currently at a high of 102.66%.

Steamboat Capital Partners LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 381.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,966 shares of the company's stock after buying an additional 38,005 shares during the period. Philip Morris International makes up about 2.3% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 17th largest position. Steamboat Capital Partners LLC's holdings in Philip Morris International were worth $7,614,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $1,712,994,000. Wellington Management Group LLP boosted its stake 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 purchasing an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC boosted its stake in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake 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 purchasing an additional 1,635,636 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

NYSE PM traded down $4.22 during trading hours on Wednesday, hitting $163.18. 7,261,204 shares of the company traded hands, compared to its average volume of 4,581,409. The business's 50-day moving average is $171.33 and its 200-day moving average is $167.11. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a market capitalization of $254.01 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.43 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared 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 was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Bank of America upped their price target 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. 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 target price for the company. UBS Group increased their price target on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Citigroup restated an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Finally, Barclays lowered their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

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.