ProVise Management Group LLC Has $28.67 Million Stock Position in Philip Morris International Inc. $PM

ProVise Management Group LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,459 shares of the company’s stock after acquiring an additional 3,395 shares during the quarter. Philip Morris International comprises 1.9% of ProVise Management Group LLC’s holdings, making the stock its 14th largest position. ProVise Management Group LLC’s holdings in Philip Morris International were worth $28,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $26,000. Vermillion Wealth Management Inc. lifted 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 worth $29,000 after purchasing an additional 104 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International during the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.8%

NYSE PM opened at $190.40 on Friday. The company has a market cap of $296.76 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.28 and a beta of 0.38. The company has a 50 day moving average of $185.23 and a 200-day moving average of $178.00. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Analyst Ratings Changes

A number of research analysts have commented on the company. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Citigroup boosted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

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.