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

QRG Capital Management Inc. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,221 shares of the company’s stock after acquiring 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 quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Capital World Investors raised its position in Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares during the last quarter. BlackRock Inc. grew its holdings 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 worth $19,545,430,000 after purchasing an additional 444,449 shares during the last quarter. Capital International Investors grew its holdings 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 worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. State Street Corp increased 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 buying an additional 536,968 shares in the last quarter. Finally, Capital Research Global Investors increased 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 buying an additional 11,013,173 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM stock traded up $0.38 on Wednesday, reaching $190.61. 7,288,656 shares of the stock were exchanged, compared to its average volume of 5,041,477. The stock has a market cap of $297.09 billion, a PE ratio of 27.39, a P/E/G ratio of 2.40 and a beta of 0.37. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The stock has a 50 day moving average price of $189.73 and a 200 day moving average price of $179.17.

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

Philip Morris International Increases Dividend

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

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Barclays increased 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. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, UBS Group upped their target price on shares of Philip Morris International from $182.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.00.

Philip Morris International Company 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.