Philip Morris International Inc. $PM Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 21.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 236,708 shares of the company’s stock after purchasing an additional 42,163 shares during the period. QRG Capital Management Inc.’s holdings in Philip Morris International were worth $39,137,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PM. Schroder Investment Management Group lifted its holdings in Philip Morris International by 10.2% during the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock worth $49,251,000 after buying an additional 27,979 shares in the last quarter. Assetmark Inc. grew its stake in shares of Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after acquiring an additional 114,618 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after acquiring an additional 19,309 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Philip Morris International by 7.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 592,681 shares of the company’s stock worth $91,840,000 after acquiring an additional 43,200 shares during the period. Finally, World Investment Advisors increased its position in shares of Philip Morris International by 42.5% during the fourth quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after acquiring an additional 34,392 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1%

Shares of NYSE:PM opened at $182.52 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The company’s 50 day moving average is $178.93 and its two-hundred day moving average is $172.67. The company has a market cap of $284.47 billion, a PE ratio of 25.67, a P/E/G ratio of 2.14 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the company earned $1.69 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 8.39 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 82.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $194.62.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.