LVM Capital Management Ltd. MI increased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,817 shares of the company’s stock after buying an additional 1,050 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Philip Morris International were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of PM. Optiver Holding B.V. acquired a new stake in Philip Morris International during the fourth quarter valued at $29,000. Stone House Investment Management LLC acquired a new stake in shares of Philip Morris International in the first quarter worth about $29,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Philip Morris International in the first quarter worth about $32,000. Barrett & Company Inc. acquired a new stake in shares of Philip Morris International in the first quarter worth about $32,000. Finally, FSC Wealth Advisors LLC lifted its position in shares of Philip Morris International by 75.0% in the first quarter. FSC Wealth Advisors LLC now owns 350 shares of the company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.
Analysts Set New Price Targets
PM has been the subject of a number of analyst reports. StockNews.com initiated coverage on Philip Morris International in a research report on Thursday, August 17th. They issued a “hold” rating for the company. 22nd Century Group reaffirmed a “reiterates” rating on shares of Philip Morris International in a research report on Tuesday, June 27th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $109.00 to $117.00 in a research report on Tuesday, June 20th. Finally, Jefferies Financial Group reduced their price target on Philip Morris International from $113.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $110.70.
Philip Morris International Trading Down 0.6 %
PM traded down $0.61 on Friday, hitting $95.70. 2,126,599 shares of the stock traded hands, compared to its average volume of 4,190,521. Philip Morris International Inc. has a 52 week low of $82.85 and a 52 week high of $105.62. The firm has a market capitalization of $148.56 billion, a PE ratio of 18.63, a P/E/G ratio of 1.99 and a beta of 0.71. The business has a fifty day moving average price of $96.55 and a two-hundred day moving average price of $96.08.
Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. Philip Morris International had a negative return on equity of 127.84% and a net margin of 11.63%. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.19 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 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.30 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s dividend payout ratio is currently 98.26%.
Philip Morris International Company 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.
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