Philip Morris International Inc. (NYSE:PM) Stock Holdings Raised by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 128.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,938 shares of the company’s stock after purchasing an additional 4,467 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Philip Morris International were worth $966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. Miracle Mile Advisors LLC grew its position in shares of Philip Morris International by 17.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,428 shares of the company’s stock valued at $295,000 after buying an additional 363 shares during the last quarter. Brookstone Capital Management grew its position in shares of Philip Morris International by 1.9% during the 3rd quarter. Brookstone Capital Management now owns 25,953 shares of the company’s stock valued at $3,151,000 after buying an additional 474 shares during the last quarter. Wedmont Private Capital grew its position in shares of Philip Morris International by 11.8% during the 3rd quarter. Wedmont Private Capital now owns 14,938 shares of the company’s stock valued at $1,776,000 after buying an additional 1,577 shares during the last quarter. Morton Capital Management LLC CA bought a new stake in shares of Philip Morris International during the 3rd quarter valued at about $213,000. Finally, Cypress Wealth Services LLC grew its position in shares of Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after buying an additional 89 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Trading Up 11.0 %

Shares of NYSE:PM opened at $145.41 on Friday. The company has a 50 day moving average of $125.17 and a 200-day moving average of $123.46. The firm has a market cap of $226.08 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $146.78.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities research analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

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.