675,705 Shares in Philip Morris International Inc. $PM Purchased by Strs Ohio

Strs Ohio acquired a new position in Philip Morris International Inc. (NYSE:PM) in the first quarter, HoldingsChannel reports. The fund acquired 675,705 shares of the company’s stock, valued at approximately $107,255,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Moore Capital Management LP bought a new position in Philip Morris International in the fourth quarter worth about $1,097,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Philip Morris International by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 267,634 shares of the company’s stock worth $32,207,000 after purchasing an additional 10,424 shares in the last quarter. Finally, Numerai GP LLC bought a new position in Philip Morris International in the fourth quarter worth about $247,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $165.43 on Thursday. The stock has a 50-day simple moving average of $169.36 and a 200-day simple moving average of $167.50. The stock has a market capitalization of $257.50 billion, a PE ratio of 31.45, a PEG ratio of 2.39 and a beta of 0.49. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping 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 firm had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The firm’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. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International’s payout ratio is presently 102.66%.

Analyst Ratings Changes

A number of equities analysts have commented on PM shares. Jefferies Financial Group began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Barclays cut their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Bank of America increased their target price on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.91.

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.