Philip Morris International Inc. $PM is London Co. of Virginia’s 9th Largest Position

London Co. of Virginia trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,228,823 shares of the company’s stock after selling 468,265 shares during the quarter. Philip Morris International makes up approximately 2.3% of London Co. of Virginia’s holdings, making the stock its 9th largest position. London Co. of Virginia owned 0.14% of Philip Morris International worth $405,940,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PM. HRT Financial LP lifted its stake in shares of Philip Morris International by 111.3% in the 2nd quarter. HRT Financial LP now owns 372,816 shares of the company’s stock valued at $67,900,000 after purchasing an additional 196,350 shares during the period. Holocene Advisors LP raised its holdings in Philip Morris International by 270.6% in the second quarter. Holocene Advisors LP now owns 1,141,371 shares of the company’s stock worth $207,878,000 after purchasing an additional 833,380 shares in the last quarter. Hook Mill Capital Partners LP lifted its position in Philip Morris International by 8.1% during the second quarter. Hook Mill Capital Partners LP now owns 80,336 shares of the company’s stock valued at $14,632,000 after buying an additional 6,012 shares during the period. ICONIQ Capital LLC boosted its holdings in shares of Philip Morris International by 8.3% during the 2nd quarter. ICONIQ Capital LLC now owns 8,111 shares of the company’s stock valued at $1,477,000 after buying an additional 620 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of Philip Morris International by 24.1% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,789 shares of the company’s stock worth $1,601,000 after buying an additional 1,709 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $153.49 on Friday. The firm’s 50 day moving average price is $153.62 and its 200-day moving average price is $165.35. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a market cap of $238.93 billion, a PE ratio of 27.81, a P/E/G ratio of 1.80 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The company had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PM. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Finally, Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research note on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

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.