Carret Asset Management LLC Has $349,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Carret Asset Management LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,710 shares of the company’s stock after selling 200 shares during the period. Carret Asset Management LLC’s holdings in Philip Morris International were worth $349,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PM. Bivin & Associates Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $27,000. American National Bank raised its holdings in shares of Philip Morris International by 89.1% in the first quarter. American National Bank now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $32,000. Northwest Investment Counselors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $37,000. Finally, Bromfield Sneider Wealth Advisors acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 74.78% of the company’s stock.

PM stock opened at $99.18 on Thursday. The company has a fifty day moving average price of $102.55 and a two-hundred day moving average price of $99.87. Philip Morris International Inc. has a one year low of $85.64 and a one year high of $112.48. The stock has a market cap of $153.74 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 3.53 and a beta of 0.66.

Philip Morris International (NYSE:PMGet Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.08. Philip Morris International had a net margin of 10.97% and a negative return on equity of 110.49%. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 5.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, June 30th. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. Philip Morris International’s dividend payout ratio (DPR) is 86.51%.

A number of research firms have recently issued reports on PM. Barclays lowered their price objective on shares of Philip Morris International from $125.00 to $120.00 in a report on Friday, February 25th. JPMorgan Chase & Co. downgraded shares of Philip Morris International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $110.00 in a report on Monday, March 7th. Morgan Stanley boosted their target price on shares of Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, June 18th. Finally, Stifel Nicolaus lowered their target price on shares of Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.75.

About Philip Morris International (Get Rating)

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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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