Patriot Financial Group Insurance Agency LLC Buys 1,683 Shares of Philip Morris International Inc. $PM

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Philip Morris International Inc. by 5.8%, acquiring an additional 1,683 shares for a total of 30,940 shares valued at approximately $5.6 million.
• Philip Morris International recently declared a quarterly dividend of $1.47 per share, raising the annualized dividend yield to 3.7%.
• The company's quarterly earnings report showed an EPS of $1.91, exceeding expectations, while it also provided a guidance of 2.080-2.130 EPS for Q3 2025, indicating future growth prospects.

Patriot Financial Group Insurance Agency LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,940 shares of the company's stock after buying an additional 1,683 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Philip Morris International were worth $5,635,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Tower View Wealth Management LLC increased its holdings in shares of Philip Morris International by 34.2% in the 2nd quarter. Tower View Wealth Management LLC now owns 35,159 shares of the company's stock worth $6,404,000 after buying an additional 8,958 shares during the last quarter. Wiser Wealth Management Inc bought a new position in shares of Philip Morris International in the 2nd quarter worth $284,000. EWA LLC increased its holdings in shares of Philip Morris International by 12.5% in the 2nd quarter. EWA LLC now owns 3,656 shares of the company's stock worth $666,000 after buying an additional 406 shares during the last quarter. Warren Street Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth $204,000. Finally, Pure Financial Advisors LLC grew its holdings in shares of Philip Morris International by 4.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 21,506 shares of the company's stock valued at $3,917,000 after purchasing an additional 979 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 2.0%

Shares of PM opened at $157.71 on Friday. The stock has a market capitalization of $245.48 billion, a P/E ratio of 29.98, a PEG ratio of 2.33 and a beta of 0.46. The firm has a fifty day simple moving average of $164.97 and a two-hundred day simple moving average of $168.55. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's dividend payout ratio is currently 102.66%.

Wall Street Analyst Weigh In

PM has been the topic of several recent research reports. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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