Transamerica Financial Advisors LLC Takes Position in Philip Morris International Inc. $PM

Transamerica Financial Advisors LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 8,061 shares of the company’s stock, valued at approximately $1,465,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after buying an additional 1,970 shares during the period. Jump Financial LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at approximately $2,454,000. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Philip Morris International by 2,280.0% in the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock valued at $65,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM stock opened at $193.94 on Thursday. The company’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 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market capitalization of $302.28 billion, a PE ratio of 27.86, a P/E/G ratio of 2.34 and a beta of 0.38.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is 84.48%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays increased their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group raised their price objective 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 research 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, the company has a consensus rating of “Moderate Buy” and an average target price 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.