Simplicity Wealth LLC Buys 2,937 Shares of Philip Morris International Inc. $PM

Simplicity Wealth LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,804 shares of the company’s stock after purchasing an additional 2,937 shares during the quarter. Simplicity Wealth LLC’s holdings in Philip Morris International were worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Candriam S.C.A. increased its position in shares of Philip Morris International by 3.8% during the first quarter. Candriam S.C.A. now owns 5,482 shares of the company’s stock valued at $906,000 after acquiring an additional 201 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. raised its holdings in Philip Morris International by 2.6% in the 1st quarter. Beacon Harbor Wealth Advisors Inc. now owns 40,675 shares of the company’s stock worth $6,725,000 after acquiring an additional 1,036 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Philip Morris International by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 104,713 shares of the company’s stock valued at $17,313,000 after purchasing an additional 1,763 shares during the last quarter. Independence Bank of Kentucky boosted its stake in Philip Morris International by 1.0% during the 1st quarter. Independence Bank of Kentucky now owns 21,569 shares of the company’s stock valued at $3,566,000 after purchasing an additional 215 shares during the last quarter. Finally, KLCM Advisors Inc. increased its holdings in shares of Philip Morris International by 1.8% in the 1st quarter. KLCM Advisors Inc. now owns 12,722 shares of the company’s stock worth $2,103,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.3%

PM traded up $0.60 during mid-day trading on Friday, reaching $181.77. 4,383,992 shares of the company traded hands, compared to its average volume of 5,000,736. The company’s fifty day moving average price is $180.91 and its 200-day moving average price is $173.60. The stock has a market capitalization of $283.30 billion, a P/E ratio of 25.57, a P/E/G ratio of 2.14 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) 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 firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the business posted $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, sell-side analysts forecast that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PM. Stifel Nicolaus decreased their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley lifted their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, UBS Group upped their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.62.

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.