Woodline Partners LP Purchases 37,988 Shares of Philip Morris International Inc. $PM

Key Points

• Woodline Partners LP increased its stake in Philip Morris International Inc. by 40.7%, acquiring an additional 37,988 shares, bringing its total holdings to 131,362 shares worth approximately $20.85 million.
• Philip Morris reported a quarterly EPS of $1.91, exceeding analysts' expectations and showing a 7.1% year-over-year revenue increase.
• The company's recent quarterly dividend was $1.35 per share, reflecting an annualized yield of 3.3% and a payout ratio of 102.66%.

Woodline Partners LP grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,362 shares of the company's stock after purchasing an additional 37,988 shares during the quarter. Woodline Partners LP's holdings in Philip Morris International were worth $20,851,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PM. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the first quarter valued at approximately $34,000. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter worth $35,000. Finally, 1 North Wealth Services LLC bought a new position in Philip Morris International during the first quarter worth $35,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Needham & Company LLC reissued a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. 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 report on Wednesday, June 4th. Finally, Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Down 1.0%

NYSE:PM traded down $1.72 during mid-day trading on Friday, hitting $166.18. The company's stock had a trading volume of 3,691,351 shares, compared to its average volume of 4,931,464. The company has a market capitalization of $258.67 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock has a fifty day moving average of $168.89 and a 200-day moving average of $167.64.

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 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 prior year, the company posted $1.59 EPS. The company's 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. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

About Philip Morris International

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.