Philip Morris International Inc. (NYSE:PM) Shares Bought by Patriot Investment Management Group Inc.

Patriot Investment Management Group Inc. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,473 shares of the company’s stock after acquiring an additional 265 shares during the period. Patriot Investment Management Group Inc.’s holdings in Philip Morris International were worth $1,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC boosted its stake in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Philip Morris International in the third quarter valued at $54,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PM. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Performance

NYSE PM opened at $125.36 on Friday. The stock has a market capitalization of $194.92 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The stock’s 50 day moving average price is $125.38 and its two-hundred day moving average price is $121.77.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.31%. Philip Morris International’s dividend payout ratio is presently 85.71%.

About Philip Morris International

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.