Fortem Financial Group LLC Purchases 3,769 Shares of Philip Morris International Inc. $PM

Fortem Financial Group LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 80.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,469 shares of the company’s stock after acquiring an additional 3,769 shares during the period. Fortem Financial Group LLC’s holdings in Philip Morris International were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International during the 4th quarter valued at approximately $26,000. Dogwood Wealth Management LLC grew its holdings in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $29,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Philip Morris International Trading Up 0.2%

Shares of NYSE:PM opened at $178.68 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The stock has a market capitalization of $278.48 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.06 and a beta of 0.38. The business has a 50-day moving average price of $174.79 and a two-hundred day moving average price of $170.67.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

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.