Patriot Financial Group Insurance Agency LLC Raises Holdings in Philip Morris International Inc. $PM

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 106.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,104 shares of the company’s stock after acquiring an additional 42,893 shares during the quarter. Philip Morris International makes up 0.8% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 19th largest position. Patriot Financial Group Insurance Agency LLC’s holdings in Philip Morris International were worth $13,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Capital International Investors grew its holdings in shares of Philip Morris International by 13.7% in 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. Capital Research Global Investors boosted its position in Philip Morris International by 25.3% during the 4th 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 during the period. Capital World Investors grew its holdings 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 worth $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Philip Morris International by 36.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after acquiring an additional 2,475,204 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after acquiring an additional 2,123,002 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $180.92 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 $281.98 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.09 and a beta of 0.38. The company’s 50-day moving average is $176.59 and its 200 day moving average is $171.59.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping 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 business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the business posted $1.69 earnings per share. 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. Research analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on PM. Morgan Stanley upped their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Stifel Nicolaus cut their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Company 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.