Proficio Capital Partners LLC Invests $1.03 Million in Philip Morris International Inc. $PM

Proficio Capital Partners LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,720 shares of the company’s stock, valued at approximately $1,035,000.

Other large investors have also modified their holdings of the company. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. boosted its position in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International in the second quarter valued at about $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the fourth quarter valued at about $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PM. Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. 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. Citigroup raised their target price on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $193.94 on Thursday. The business’s 50-day simple moving average is $186.71 and its 200-day simple moving average is $178.64. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market capitalization of $302.28 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the company posted $1.89 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.

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.