Staley Capital Advisers Inc. Lowers Stake in Philip Morris International Inc. (NYSE:PM)

Staley Capital Advisers Inc. lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,142 shares of the company’s stock after selling 98 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Philip Morris International were worth $16,689,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PM. Brighton Jones LLC lifted its holdings in shares of 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 buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth $15,513,000. LSV Asset Management lifted its holdings in shares of Philip Morris International by 41.7% in the fourth quarter. LSV Asset Management now owns 6,800 shares of the company’s stock worth $818,000 after buying an additional 2,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Philip Morris International by 4.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 217,903 shares of the company’s stock worth $26,196,000 after buying an additional 8,914 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.2%

Shares of PM opened at $170.23 on Monday. Philip Morris International Inc. has a twelve month low of $115.62 and a twelve month high of $186.69. The company has a market cap of $264.98 billion, a P/E ratio of 32.36, a P/E/G ratio of 2.48 and a beta of 0.48. The company’s fifty day simple moving average is $176.29 and its 200-day simple moving average is $163.71.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is presently 102.66%.

Analysts Set New Price Targets

Several research firms have recently commented on PM. Needham & Company LLC reissued a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. UBS Group upped their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.27.

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.