Philip Morris International Inc. (NYSE:PM) Stock Holdings Raised by Marino Stram & Associates LLC

Marino Stram & Associates LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,687 shares of the company’s stock after buying an additional 222 shares during the period. Marino Stram & Associates LLC’s holdings in Philip Morris International were worth $1,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PM. American Century Companies Inc. lifted its stake in shares of Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after acquiring an additional 1,715 shares during the period. Mill Creek Capital Advisors LLC lifted its position in shares of Philip Morris International by 4.7% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock valued at $309,000 after acquiring an additional 136 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Philip Morris International by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,348 shares of the company’s stock valued at $30,130,000 after buying an additional 111,378 shares during the period. Fred Alger Management LLC increased its stake in Philip Morris International by 10.6% in the 2nd quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock valued at $3,131,000 after buying an additional 2,955 shares during the period. Finally, Blankinship & Foster LLC acquired a new position in Philip Morris International in the 2nd quarter valued at approximately $202,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Performance

NYSE:PM opened at $122.91 on Thursday. The firm has a market cap of $191.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The business has a 50 day moving average price of $125.43 and a 200-day moving average price of $121.76. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. Research analysts predict that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

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.