New Hampshire Trust Raises Position in Philip Morris International Inc. (NYSE:PM)

New Hampshire Trust raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,126 shares of the company’s stock after purchasing an additional 165 shares during the period. New Hampshire Trust’s holdings in Philip Morris International were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Beese Fulmer Investment Management Inc. grew its stake in shares of Philip Morris International by 0.5% during the second quarter. Beese Fulmer Investment Management Inc. now owns 86,690 shares of the company’s stock valued at $8,463,000 after buying an additional 400 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Philip Morris International by 2.0% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 606,992 shares of the company’s stock valued at $59,255,000 after buying an additional 11,915 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Philip Morris International by 16.6% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 38,532 shares of the company’s stock valued at $3,761,000 after buying an additional 5,478 shares during the last quarter. Citadel Investment Advisory Inc. grew its stake in shares of Philip Morris International by 0.6% during the second quarter. Citadel Investment Advisory Inc. now owns 41,001 shares of the company’s stock valued at $4,003,000 after buying an additional 225 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Philip Morris International by 0.7% during the second quarter. Brookstone Capital Management now owns 27,790 shares of the company’s stock valued at $2,715,000 after buying an additional 192 shares during the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.5 %

Shares of PM traded down $0.52 during midday trading on Friday, hitting $95.79. 6,932,697 shares of the company’s stock traded hands, compared to its average volume of 3,027,615. Philip Morris International Inc. has a 1 year low of $82.85 and a 1 year high of $105.62. The firm’s fifty day moving average is $96.49 and its 200-day moving average is $96.06. The stock has a market capitalization of $148.70 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.76 billion. Philip Morris International had a negative return on equity of 127.84% and a net margin of 11.63%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.19 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be given a dividend of $1.30 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 98.26%.

Analyst Upgrades and Downgrades

PM has been the topic of a number of analyst reports. 22nd Century Group reaffirmed a “reiterates” rating on shares of Philip Morris International in a research note on Tuesday, June 27th. StockNews.com began coverage on Philip Morris International in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $109.00 to $117.00 in a research note on Tuesday, June 20th. Finally, Jefferies Financial Group dropped their price objective on Philip Morris International from $113.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.70.

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.