Philip Morris International Inc. $PM Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,618 shares of the company’s stock after buying an additional 949 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Philip Morris International were worth $1,606,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PM. ProShare Advisors LLC lifted its position in shares of Philip Morris International by 13.9% in the second quarter. ProShare Advisors LLC now owns 266,351 shares of the company’s stock valued at $48,511,000 after acquiring an additional 32,412 shares in the last quarter. PFG Advisors increased its position in Philip Morris International by 91.4% during the 2nd quarter. PFG Advisors now owns 6,087 shares of the company’s stock worth $1,109,000 after purchasing an additional 2,907 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in Philip Morris International by 4.4% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,624 shares of the company’s stock valued at $1,206,000 after purchasing an additional 281 shares during the last quarter. Midwest Trust Co acquired a new position in Philip Morris International in the 2nd quarter valued at about $53,052,000. Finally, FDx Advisors Inc. lifted its holdings in Philip Morris International by 145.2% in the 2nd quarter. FDx Advisors Inc. now owns 7,318 shares of the company’s stock valued at $1,333,000 after purchasing an additional 4,334 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 2.2%

Shares of PM opened at $153.26 on Monday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company’s fifty day moving average is $158.30 and its two-hundred day moving average is $168.38. The firm has a market cap of $238.58 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.43.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The business had revenue of $8.12 billion for the quarter. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were issued a $1.47 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

About Philip Morris International

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.