Bath Savings Trust Co Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Bath Savings Trust Co grew its stake in Philip Morris International Inc. (NYSE:PM) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,480 shares of the company’s stock after buying an additional 191 shares during the period. Bath Savings Trust Co’s holdings in Philip Morris International were worth $1,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. boosted its position in Philip Morris International by 1.1% during the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares during the period. American Century Companies Inc. grew its stake in shares of Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after acquiring an additional 1,296 shares during the period. Loomis Sayles & Co. L P grew its position in Philip Morris International by 24.7% during the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after buying an additional 608 shares during the period. Covestor Ltd grew its position in Philip Morris International by 54.9% during the first quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after buying an additional 186 shares during the period. Finally, Mather Group LLC. lifted its holdings in Philip Morris International by 14.7% during the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after purchasing an additional 1,154 shares in the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Philip Morris International Stock Performance

PM stock traded up $1.01 during mid-day trading on Monday, reaching $96.80. 1,057,970 shares of the stock traded hands, compared to its average volume of 4,200,007. Philip Morris International Inc. has a one year low of $82.85 and a one year high of $105.62. The stock has a market capitalization of $150.27 billion, a PE ratio of 18.53, a PEG ratio of 2.02 and a beta of 0.71. The business has a 50-day moving average price of $96.49 and a two-hundred day moving average price of $96.05.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Philip Morris International had a net margin of 11.63% and a negative return on equity of 127.84%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. On average, equities analysts expect that Philip Morris International Inc. will post 6.19 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $5.20 dividend on an annualized basis and a yield of 5.37%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.27. Philip Morris International’s dividend payout ratio (DPR) is presently 98.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PM shares. StockNews.com assumed coverage on shares of Philip Morris International in a report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $109.00 to $117.00 in a report on Tuesday, June 20th. Jefferies Financial Group lowered their target price on shares of Philip Morris International from $113.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Finally, 22nd Century Group reissued a “reiterates” rating on shares of Philip Morris International in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.