QRG Capital Management Inc. Buys 10,716 Shares of Philip Morris International Inc. $PM

QRG Capital Management Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% in the second quarter, Holdings Channel reports. The institutional investor owned 245,596 shares of the company’s stock after purchasing an additional 10,716 shares during the period. QRG Capital Management Inc.’s holdings in Philip Morris International were worth $44,730,000 as of its most recent filing with the SEC.

A number of other institutional investors have also 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% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock valued at $1,554,686,000 after buying an additional 3,575,158 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock valued at $1,431,527,000 after buying an additional 1,635,636 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Philip Morris International by 111.1% in the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock valued at $473,660,000 after buying an additional 1,580,368 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 3.1%

Shares of Philip Morris International stock opened at $153.09 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The firm’s 50-day moving average price is $164.82 and its two-hundred day moving average price is $168.54. The stock has a market capitalization 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) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. 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 3.8%. Philip Morris International’s dividend payout ratio (DPR) is currently 102.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PM shares. KGI Securities started coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday, September 27th. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Finally, UBS Group cut their target price on 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. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

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.