Patriot Financial Group Insurance Agency LLC Increases Stock Position in Philip Morris International Inc. $PM

Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 106.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,104 shares of the company’s stock after acquiring an additional 42,893 shares during the quarter. Philip Morris International comprises approximately 0.8% of Patriot Financial Group Insurance Agency LLC’s portfolio, making the stock its 19th biggest holding. Patriot Financial Group Insurance Agency LLC’s holdings in Philip Morris International were worth $13,740,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter worth about $26,000. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.1%

Shares of Philip Morris International stock opened at $180.92 on Friday. The firm has a market capitalization of $281.98 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.09 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $193.05. The business’s 50-day moving average price is $176.59 and its 200-day moving average price is $171.59.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the company posted $1.69 EPS. Philip Morris International’s quarterly revenue was up 9.1% compared to the same quarter last year. 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, analysts predict that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

PM has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Stifel Nicolaus decreased their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Morgan Stanley increased their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Profile

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.