Ellenbecker Investment Group Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)


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Ellenbecker Investment Group raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,218 shares of the company’s stock after buying an additional 156 shares during the quarter. Philip Morris International comprises about 0.9% of Ellenbecker Investment Group’s investment portfolio, making the stock its 15th largest holding. Ellenbecker Investment Group’s holdings in Philip Morris International were worth $2,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in shares of Philip Morris International by 1.6% during the fourth quarter. Morgan Stanley now owns 47,860,308 shares of the company’s stock valued at $3,962,356,000 after buying an additional 740,235 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Philip Morris International by 6.1% in the 4th quarter. Bank of New York Mellon Corp now owns 20,234,265 shares of the company’s stock valued at $1,675,196,000 after purchasing an additional 1,154,814 shares during the last quarter. Gardner Russo & Gardner LLC raised its position in shares of Philip Morris International by 1.9% in the 4th quarter. Gardner Russo & Gardner LLC now owns 8,407,300 shares of the company’s stock valued at $696,040,000 after purchasing an additional 158,578 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Philip Morris International by 3,856.2% in the 4th quarter. Cibc World Markets Corp now owns 7,820,069 shares of the company’s stock valued at $647,424,000 after purchasing an additional 7,622,405 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Philip Morris International by 3.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,968,308 shares of the company’s stock valued at $245,746,000 after purchasing an additional 97,123 shares during the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on PM shares. Smith Barney Citigroup reiterated a “” rating and set a $105.00 price target (up previously from $100.00) on shares of Philip Morris International in a research report on Friday, January 8th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $90.00 to $100.00 in a research report on Friday, February 5th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Tuesday, January 12th. Sanford C. Bernstein began coverage on shares of Philip Morris International in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $92.00 price objective for the company. Finally, Morgan Stanley increased their price target on shares of Philip Morris International from $94.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $97.64.

In other news, VP Marian Salzman sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $84.39, for a total transaction of $168,780.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is owned by company insiders.

NYSE:PM traded up $0.74 during midday trading on Thursday, hitting $89.02. The company’s stock had a trading volume of 29,922 shares, compared to its average volume of 4,796,925. Philip Morris International Inc. has a fifty-two week low of $66.85 and a fifty-two week high of $91.25. The firm’s 50 day moving average is $87.43 and its 200-day moving average is $81.18. The firm has a market cap of $138.74 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.27 and a beta of 0.77.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 4th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Philip Morris International had a net margin of 10.07% and a negative return on equity of 78.02%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 5.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Monday, March 22nd will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, March 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.39%. Philip Morris International’s payout ratio is 92.49%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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

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