Raymond James Trust N.A. Has $4.91 Million Stake in Philip Morris International Inc. (NYSE:PM)

Raymond James Trust N.A. raised its position in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 0.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 49,774 shares of the company’s stock after purchasing an additional 457 shares during the quarter. Raymond James Trust N.A.’s holdings in Philip Morris International were worth $4,914,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Tcwp LLC bought a new position in Philip Morris International during the first quarter valued at approximately $26,000. Bivin & Associates Inc. bought a new stake in Philip Morris International during the 4th quarter valued at about $27,000. Sandy Cove Advisors LLC bought a new stake in shares of Philip Morris International in the first quarter worth approximately $28,000. American National Bank boosted 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 worth $29,000 after buying an additional 147 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Philip Morris International during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Philip Morris International Trading Down 0.7 %

Shares of NYSE PM opened at $95.79 on Friday. Philip Morris International Inc. has a 12-month low of $85.64 and a 12-month high of $112.48. The company has a market cap of $148.49 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.62. The stock’s 50 day simple moving average is $96.48 and its 200 day simple moving average is $98.36.

Philip Morris International (NYSE:PMGet Rating) last issued its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.24. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 5.99 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 28th will be issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.30%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, September 27th. Philip Morris International’s payout ratio is presently 85.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 26th. Jefferies Financial Group cut their price objective on shares of Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.13.

Philip Morris International Profile

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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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