Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 59,255 Philip Morris International Inc. $PM

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,255 shares of the company’s stock, valued at approximately $10,720,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. grew 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 acquiring an additional 104 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Philip Morris International in the 2nd quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the topic of several research analyst reports. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Monday, August 17th. Needham & Company LLC raised their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus boosted their target price on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Trading Down 0.0%

Shares of PM opened at $188.14 on Monday. The stock has a 50 day moving average of $186.03 and a 200 day moving average of $178.35. The company has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

About Philip Morris International

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.