Sanctuary Advisors LLC Invests $17.88 Million in Philip Morris International Inc. (NYSE:PM)

Sanctuary Advisors LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 188,145 shares of the company’s stock, valued at approximately $17,878,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its position in shares of Philip Morris International by 6.3% during the 4th quarter. KBC Group NV now owns 104,347 shares of the company’s stock valued at $9,817,000 after acquiring an additional 6,209 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of Philip Morris International by 4.8% in the fourth quarter. CWA Asset Management Group LLC now owns 3,906 shares of the company’s stock valued at $368,000 after acquiring an additional 178 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Philip Morris International by 43.0% in the 4th quarter. Belpointe Asset Management LLC now owns 12,856 shares of the company’s stock worth $1,209,000 after acquiring an additional 3,865 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Philip Morris International by 3.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 55,501 shares of the company’s stock worth $5,221,000 after purchasing an additional 1,844 shares during the period. Finally, Edge Capital Group LLC grew its holdings in Philip Morris International by 30.9% during the 4th quarter. Edge Capital Group LLC now owns 2,919 shares of the company’s stock valued at $275,000 after purchasing an additional 689 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PM has been the subject of several recent analyst reports. UBS Group boosted their target price on Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a research report on Monday, September 9th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group boosted their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $121.45.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 0.8 %

Shares of Philip Morris International stock opened at $119.60 on Thursday. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $128.22. The firm’s 50 day moving average price is $120.26 and its 200-day moving average price is $106.20. The company has a market cap of $185.93 billion, a P/E ratio of 23.36, a PEG ratio of 2.37 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a $1.35 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 105.47%.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.