Oregon Public Employees Retirement Fund Acquires 280 Shares of Philip Morris International Inc. (NYSE:PM)

Oregon Public Employees Retirement Fund lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,596 shares of the company’s stock after acquiring an additional 280 shares during the period. Philip Morris International makes up approximately 0.4% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 29th biggest position. Oregon Public Employees Retirement Fund’s holdings in Philip Morris International were worth $21,206,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock worth $69,695,000 after purchasing an additional 87,631 shares during the period. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the fourth 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 in the last quarter. Symmetry Investments LP purchased a new stake in Philip Morris International during the fourth quarter valued at about $1,966,000. Worth Asset Management LLC purchased a new stake in Philip Morris International during the first quarter valued at about $2,223,000. Finally, Annex Advisory Services LLC raised its stake in shares of Philip Morris International by 46.6% during the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company’s stock valued at $5,510,000 after acquiring an additional 11,034 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

PM opened at $176.03 on Thursday. The stock has a market capitalization of $273.99 billion, a PE ratio of 36.29, a P/E/G ratio of 2.57 and a beta of 0.51. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The company’s 50 day simple moving average is $176.79 and its 200 day simple moving average is $153.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.07%. Philip Morris International’s dividend payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent analyst reports. Morgan Stanley reiterated 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. Bank of America increased their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a “buy” rating on the stock. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has an average 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.