Florida Financial Advisors LLC Buys 2,989 Shares of Philip Morris International Inc. $PM

Florida Financial Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 31.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,392 shares of the company’s stock after purchasing an additional 2,989 shares during the period. Florida Financial Advisors LLC’s holdings in Philip Morris International were worth $2,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Vanguard Group Inc. lifted its position in Philip Morris International by 1.6% in the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock worth $26,018,555,000 after buying an additional 2,235,380 shares during the last quarter. State Street Corp raised its stake in shares of Philip Morris International by 1.6% in the second quarter. State Street Corp now owns 55,831,655 shares of the company’s stock valued at $10,243,429,000 after acquiring an additional 871,165 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Philip Morris International by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock worth $6,760,346,000 after acquiring an additional 672,983 shares during the last quarter. Fayez Sarofim & Co boosted its stake in shares of Philip Morris International by 7.9% during the 2nd quarter. Fayez Sarofim & Co now owns 10,676,908 shares of the company’s stock worth $1,944,585,000 after purchasing an additional 782,536 shares during the period. Finally, Legal & General Group Plc grew its holdings in Philip Morris International by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 7,534,710 shares of the company’s stock valued at $1,372,297,000 after purchasing an additional 508,394 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Citigroup raised their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research report on Monday. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.06.

Philip Morris International Trading Down 0.8%

PM opened at $187.35 on Friday. The company has a market capitalization of $291.64 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.09 and a beta of 0.39. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $190.98. The business’s fifty day simple moving average is $167.34 and its 200-day simple moving average is $162.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.

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.