Transamerica Financial Advisors LLC Acquires Shares of 8,061 Philip Morris International Inc. $PM

Transamerica Financial Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,061 shares of the company’s stock, valued at approximately $1,465,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after acquiring an additional 2,755,662 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after purchasing an additional 7,600 shares during the last quarter. Addison Capital Co lifted its position in shares of Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after purchasing an additional 7,793 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% during the fourth 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 in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $193.94 on Thursday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock has a market cap of $302.28 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.34 and a beta of 0.38. The firm has a fifty day moving average price of $186.71 and a 200 day moving average price of $178.64.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Philip Morris International’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. Sell-side analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PM shares. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.