Sanders Morris Harris LLC Sells 14,563 Shares of Philip Morris International Inc. $PM

Sanders Morris Harris LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 28.6% in the 2nd quarter, Holdings Channel reports. The fund owned 36,300 shares of the company’s stock after selling 14,563 shares during the period. Philip Morris International makes up 3.8% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 8th largest position. Sanders Morris Harris LLC’s holdings in Philip Morris International were worth $6,567,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PM. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $26,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. boosted its holdings in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International during the fourth quarter valued at $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.2%

PM opened at $189.24 on Thursday. The firm’s fifty day simple moving average is $183.59 and its two-hundred day simple moving average is $177.23. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The company has a market cap of $294.95 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.26 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results 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 firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Citigroup increased their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.89.

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.