Providence Financial Advisors LLC Takes $649,000 Position in Philip Morris International Inc. $PM

Providence Financial Advisors LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the company’s stock, valued at approximately $649,000. Philip Morris International makes up 0.6% of Providence Financial Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. MRA Advisory Group purchased a new position in Philip Morris International in the third quarter worth about $218,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Philip Morris International by 3.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 546,056 shares of the company’s stock valued at $88,570,000 after buying an additional 20,617 shares during the last quarter. Kapstone Financial Advisors LLC raised its holdings in Philip Morris International by 74.8% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 14,000 shares of the company’s stock worth $2,271,000 after acquiring an additional 5,991 shares during the last quarter. Hardy Reed LLC lifted its position in Philip Morris International by 3.3% in the 3rd quarter. Hardy Reed LLC now owns 10,797 shares of the company’s stock valued at $1,751,000 after acquiring an additional 346 shares in the last quarter. Finally, GenTrust LLC bought a new position in Philip Morris International in the 3rd quarter valued at approximately $298,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Barclays decreased their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, UBS Group restated a “neutral” rating and set a $181.50 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and two have given 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 target price of $194.06.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $187.35 on Monday. The stock’s 50-day simple moving average is $167.34 and its two-hundred day simple moving average is $162.35. The stock has a market capitalization of $291.64 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.14 and a beta of 0.39. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $190.98.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 80.88%.

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.