Sanctuary Advisors LLC Purchases Shares of 266,459 Philip Morris International Inc. $PM

Key Points

• Sanctuary Advisors LLC acquired 266,459 shares of Philip Morris International during the second quarter, valued at approximately $48.2 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; the consensus rating is “Moderate Buy” with an average price target of $205.89.
• Philip Morris beat quarterly expectations with $2.20 in adjusted EPS and $11.19 billion in revenue, while revenue increased 10.4% year over year. The company also pays a quarterly dividend of $1.47, equivalent to a 3.1% yield.

Sanctuary Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 266,459 shares of the company's stock, valued at approximately $48,205,000.

Several other institutional investors have also modified their holdings of PM. Resurgent Financial Advisors LLC lifted its position in Philip Morris International by 3.7% in the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock valued at $244,000 after acquiring an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock worth $2,942,000 after purchasing an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after purchasing an additional 58 shares in the last quarter. Platt Wealth Management LLC lifted its holdings in shares of Philip Morris International by 2.1% in the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after purchasing an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its holdings in shares of Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock valued at $222,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. UBS Group increased their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Needham & Company LLC raised their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Stifel Nicolaus lifted their target price 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, Morgan Stanley upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Down 0.0%

Shares of NYSE:PM opened at $188.14 on Monday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm's 50-day simple moving average is $186.03 and its 200-day simple moving average is $178.35. The company has a market cap 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 (NYSE:PM - Get Free Report) last released its earnings results 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. The company 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source