Pitcairn Co. Has $4.09 Million Holdings in Philip Morris International Inc. $PM

Pitcairn Co. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,477 shares of the company’s stock after selling 3,277 shares during the quarter. Pitcairn Co.’s holdings in Philip Morris International were worth $4,094,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PM. Legacy Investment Solutions LLC bought a new stake in Philip Morris International during the second quarter worth approximately $25,000. Traub Capital Management LLC acquired a new stake in shares of Philip Morris International in the second quarter worth $25,000. Abound Wealth Management boosted its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Estabrook Capital Management bought a new stake in shares of Philip Morris International during the 2nd quarter worth $30,000. Finally, Briaud Financial Planning Inc grew its stake in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.7%

Philip Morris International stock opened at $153.49 on Friday. The business has a 50 day moving average price of $153.62 and a two-hundred day moving average price of $165.26. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market cap of $238.93 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.42.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The business had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 106.52%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. cut their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International 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.