QRG Capital Management Inc. Has $44.54 Million Position in Philip Morris International Inc. $PM

QRG Capital Management Inc. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,221 shares of the company’s stock after buying an additional 9,513 shares during the period. QRG Capital Management Inc.’s holdings in Philip Morris International were worth $44,544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares during the period. BlackRock Inc. increased its position in shares of Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock valued at $19,545,430,000 after purchasing an additional 444,449 shares during the period. Capital International Investors increased its position in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. State Street Corp raised its stake in shares of Philip Morris International by 1.0% in the second quarter. State Street Corp now owns 55,569,994 shares of the company’s stock valued at $10,134,454,000 after purchasing an additional 536,968 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Needham & Company LLC increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Barclays raised their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $207.00.

Philip Morris International Price Performance

Shares of PM traded up $0.38 during mid-day trading on Wednesday, reaching $190.61. The company had a trading volume of 7,288,656 shares, compared to its average volume of 5,041,477. The company has a market capitalization of $297.09 billion, a P/E ratio of 27.39, a P/E/G ratio of 2.40 and a beta of 0.37. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The company’s 50-day moving average is $189.73 and its 200-day moving average is $179.17.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Philip Morris International’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts expect that Philip Morris International Inc. will post 8.44 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be paid a $1.60 dividend. The ex-dividend date is Friday, October 2nd. This represents a $6.40 annualized dividend and a dividend yield of 3.4%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio is presently 84.48%.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.