Sanctuary Advisors LLC Acquires New Holdings in Philip Morris International Inc. $PM

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Square LLC acquired a new stake in Philip Morris International during the 2nd quarter valued at $201,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Philip Morris International in the second quarter worth $10,720,000. Forefront Analytics LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at $265,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Philip Morris International during the second quarter valued at $16,100,000. Finally, Haverford Trust Co purchased a new stake in Philip Morris International during the 2nd quarter worth about $62,296,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PM. Needham & Company LLC boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group upped their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

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

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is 84.48%.

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.