Mather Group LLC. Increases Position in Philip Morris International Inc. (NYSE:PM)

Mather Group LLC. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,465 shares of the company’s stock after purchasing an additional 2,664 shares during the quarter. Mather Group LLC.’s holdings in Philip Morris International were worth $2,455,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PM. Wealth Enhancement Advisory Services LLC lifted its position in Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock worth $69,695,000 after buying an additional 87,631 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Symmetry Investments LP purchased a new position in shares of Philip Morris International during the 4th quarter worth $1,966,000. Worth Asset Management LLC acquired a new position in shares of Philip Morris International during the 1st quarter valued at about $2,223,000. Finally, Annex Advisory Services LLC grew its holdings in shares of Philip Morris International by 46.6% in the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company’s stock valued at $5,510,000 after purchasing an additional 11,034 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 2.5%

PM opened at $177.55 on Wednesday. Philip Morris International Inc. has a 52 week low of $100.80 and a 52 week high of $186.69. The business has a fifty day simple moving average of $176.63 and a 200-day simple moving average of $153.71. The firm has a market cap of $276.36 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.64 and a beta of 0.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s payout ratio is currently 111.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PM shares. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.80.

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.