VestGen Investment Management Has $1.11 Million Holdings in Philip Morris International Inc. $PM

VestGen Investment Management increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,118 shares of the company’s stock after buying an additional 170 shares during the quarter. Philip Morris International accounts for 0.8% of VestGen Investment Management’s investment portfolio, making the stock its 29th largest holding. VestGen Investment Management’s holdings in Philip Morris International were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of PM. WCM Investment Management LLC grew its holdings in Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after buying an additional 11,230,626 shares in the last quarter. Nuveen LLC bought a new stake in Philip Morris International during the first quarter worth $1,712,994,000. Wellington Management Group LLP grew its holdings in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after buying an additional 1,635,636 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

PM stock opened at $157.69 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock’s fifty day simple moving average is $162.32 and its two-hundred day simple moving average is $168.98. The stock has a market cap of $245.45 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.30 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 11.02%.The firm had revenue of $8.12 billion for the quarter. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PM shares. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday. Finally, UBS Group cut their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International 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.