Sapient Capital LLC Trims Stake in Philip Morris International Inc. $PM

Sapient Capital LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 6.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 135,580 shares of the company’s stock after selling 9,017 shares during the quarter. Sapient Capital LLC’s holdings in Philip Morris International were worth $22,614,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assetmark Inc. grew its stake in Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after purchasing an additional 114,618 shares during the period. Global Retirement Partners LLC lifted its position in Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after buying an additional 19,309 shares during the period. World Investment Advisors grew its position in shares of Philip Morris International by 42.5% in the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after buying an additional 34,392 shares during the period. New York Life Investment Management LLC increased its stake in shares of Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Barclays upped their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC lifted their price objective 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. Finally, Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Up 0.2%

Shares of NYSE PM opened at $191.13 on Monday. The firm has a market cap of $297.90 billion, a P/E ratio of 27.46, a PEG ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The company has a 50 day moving average of $183.37 and a 200 day moving average of $176.85.

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

Philip Morris International Dividend Announcement

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 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 (DPR) is presently 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.