Philip Morris International Inc. (NYSE:PM) Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.4% during the 4th quarter, Holdings Channel reports. The fund owned 8,828 shares of the company’s stock after purchasing an additional 1,042 shares during the period. Vest Financial LLC’s holdings in Philip Morris International were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of PM. Valley Wealth Managers Inc. raised its position in Philip Morris International by 457.5% in 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 in the last quarter. Dunhill Financial LLC boosted its stake in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners grew its position in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Asset Dedication LLC increased its holdings in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Philip Morris International during the third quarter worth $54,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.6 %

Shares of Philip Morris International stock opened at $144.40 on Monday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $146.78. The stock has a fifty day simple moving average of $125.66 and a 200 day simple moving average of $123.97. The company has a market capitalization of $224.51 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its 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 9.24% and a negative return on equity of 120.08%. On average, analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PM. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

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.